Quantbot Technologies LP Purchases New Position in Patria Investments Limited (NYSE:PAX)

Quantbot Technologies LP acquired a new position in Patria Investments Limited (NYSE:PAX) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 59,863 shares of the company’s stock, valued at approximately $669,000. Quantbot Technologies LP owned 0.10% of Patria Investments at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PAX. Coronation Fund Managers Ltd. boosted its holdings in shares of Patria Investments by 1.3% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company’s stock valued at $1,133,000 after buying an additional 1,228 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Patria Investments by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company’s stock worth $1,912,000 after acquiring an additional 2,405 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Patria Investments by 24.9% in the second quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company’s stock worth $276,000 after acquiring an additional 4,551 shares during the last quarter. Mendota Financial Group LLC bought a new position in shares of Patria Investments during the third quarter valued at $56,000. Finally, MQS Management LLC raised its position in shares of Patria Investments by 32.9% in the 2nd quarter. MQS Management LLC now owns 24,977 shares of the company’s stock worth $301,000 after purchasing an additional 6,190 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their price target on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd.

Patria Investments Stock Up 0.2 %

PAX opened at $11.98 on Tuesday. The stock has a market capitalization of $716.04 million, a price-to-earnings ratio of 27.86, a PEG ratio of 1.46 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $11.67 and a 200-day moving average price of $12.00. Patria Investments Limited has a twelve month low of $10.63 and a twelve month high of $16.16.

Patria Investments (NYSE:PAX) last released its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $76.55 million. Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. During the same quarter last year, the firm posted $0.23 earnings per share. Equities research analysts forecast that Patria Investments Limited will post 1.05 earnings per share for the current year.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.01%. Patria Investments’s payout ratio is presently 139.53%.

Patria Investments 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.