Patria Investments Limited (NYSE:PAX) Stock to Pay Quarterly Dividend of $0.16

Patria Investments Limited (NYSE:PAX) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Friday, November 13th will be given a dividend of $0.1625 per share on Friday, December 11th. This represents a $0.65 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Friday, November 13th.

Patria Investments has a dividend payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Patria Investments to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 40.9%.

Patria Investments Stock Performance

Patria Investments stock opened at $9.48 on Wednesday. The company has a market cap of $630.64 million, a PE ratio of 18.96, a P/E/G ratio of 1.28 and a beta of 0.81. The company has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $11.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Patria Investments has a 12 month low of $9.03 and a 12 month high of $17.80.

Institutional Trading of Patria Investments

A number of large investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in Patria Investments by 32.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 28,325 shares of the company’s stock worth $287,000 after purchasing an additional 6,896 shares during the last quarter. R Squared Ltd raised its holdings in shares of Patria Investments by 101.3% during the third quarter. R Squared Ltd now owns 24,617 shares of the company’s stock valued at $250,000 after buying an additional 12,388 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Patria Investments by 6.7% during the third quarter. Pictet Asset Management Holding SA now owns 76,867 shares of the company’s stock valued at $780,000 after buying an additional 4,846 shares during the last quarter. CenterBook Partners LP acquired a new position in shares of Patria Investments during the third quarter worth approximately $653,000. Finally, Inscription Capital LLC acquired a new position in shares of Patria Investments during the third quarter worth approximately $145,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

About Patria Investments

Patria Investments is an alternative asset manager focused on private markets, with roots in Latin America. Founded in 1988, the firm has expanded its investment platform and serves institutional and other investors in the region and internationally. Its investment strategies include private equity, infrastructure, private credit, real estate and public equities. Patria also provides investment solutions designed to give clients access to these markets. Alexandre Saigh, a co-founder of the firm, serves as its chief executive officer.