Patria Investments (NYSE:PAX) Reaches New 12-Month Low at $12.48

Shares of Patria Investments Limited (NYSE:PAX) hit a new 52-week low during trading on Thursday . The stock traded as low as $12.48 and last traded at $12.53, with a volume of 161241 shares changing hands. The stock had previously closed at $13.39.

Patria Investments Stock Performance

The company has a market cap of $705.76 million, a PE ratio of 10.50, a PEG ratio of 0.65 and a beta of 0.64. The company’s 50-day simple moving average is $14.33 and its 200 day simple moving average is $14.38.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.34 by $0.13. Patria Investments had a net margin of 36.70% and a return on equity of 35.95%. The company had revenue of $111.70 million during the quarter, compared to analysts’ expectations of $83.41 million. During the same quarter last year, the company posted $0.36 EPS. Analysts forecast that Patria Investments Limited will post 1.63 EPS for the current year.

Patria Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 22nd were issued a $0.399 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.51%. Patria Investments’s payout ratio is 205.13%.

Institutional Investors Weigh In On Patria Investments

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Patria Investments during the 3rd quarter worth $106,000. AdvisorNet Financial Inc raised its stake in Patria Investments by 9.7% during the 1st quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock worth $142,000 after acquiring an additional 850 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Patria Investments during the 3rd quarter worth $183,000. State Board of Administration of Florida Retirement System raised its stake in Patria Investments by 8.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the company’s stock worth $244,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in Patria Investments during the 4th quarter worth $251,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Company Profile

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.