Patria Investments (NYSE:PAX) Reaches New 1-Year High – What’s Next?

Patria Investments Limited (NYSE:PAXGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.02 and last traded at $13.98, with a volume of 494688 shares traded. The stock had previously closed at $13.61.

Patria Investments Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $848.97 million, a P/E ratio of 28.00, a P/E/G ratio of 1.28 and a beta of 0.66. The stock has a fifty day moving average of $11.92 and a 200-day moving average of $11.74.

Patria Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Wednesday, May 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.29%. Patria Investments’s payout ratio is presently 122.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Pertento Partners LLP grew its holdings in shares of Patria Investments by 8.9% during the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company’s stock worth $38,479,000 after buying an additional 270,075 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Patria Investments by 9.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,625,000 shares of the company’s stock worth $18,346,000 after buying an additional 141,842 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Patria Investments by 40.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company’s stock worth $15,324,000 after buying an additional 382,178 shares in the last quarter. Nuveen LLC bought a new position in shares of Patria Investments during the first quarter worth about $13,503,000. Finally, Millennium Management LLC grew its holdings in shares of Patria Investments by 27.2% during the fourth quarter. Millennium Management LLC now owns 915,407 shares of the company’s stock worth $10,646,000 after buying an additional 195,616 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Company Profile

(Get Free Report)

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.

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