State Street Corp Raises Position in Patria Investments Limited (NYSE:PAX)

State Street Corp raised its position in Patria Investments Limited (NYSE:PAX) by 21.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,165,331 shares of the company’s stock after buying an additional 208,039 shares during the quarter. State Street Corp’s holdings in Patria Investments were worth $13,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Mendota Financial Group LLC purchased a new stake in Patria Investments during the third quarter valued at about $56,000. Dynamic Technology Lab Private Ltd purchased a new position in Patria Investments during the 3rd quarter valued at about $130,000. Algert Global LLC purchased a new stake in shares of Patria Investments in the second quarter worth about $139,000. Naviter Wealth LLC purchased a new position in Patria Investments during the third quarter valued at approximately $183,000. Finally, Intech Investment Management LLC bought a new stake in Patria Investments during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 0.9 %

PAX opened at $11.51 on Thursday. The stock has a market cap of $687.92 million, a PE ratio of 26.77, a P/E/G ratio of 1.74 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 52 week low of $10.63 and a 52 week high of $16.16. The business’s fifty day simple moving average is $11.99 and its 200 day simple moving average is $11.90.

Patria Investments (NYSE:PAX) last issued its earnings results on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The business had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, research analysts expect that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.21%. Patria Investments’s payout ratio is currently 139.53%.

Analysts Set New Price Targets

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

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.