Patria Investments Limited (NYSE:PAX) Stake Boosted by Barclays PLC

Barclays PLC raised its stake in Patria Investments Limited (NYSE:PAX) by 314.0% in the third quarter, HoldingsChannel.com reports. The fund owned 78,977 shares of the company’s stock after buying an additional 59,900 shares during the quarter. Barclays PLC’s holdings in Patria Investments were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its stake in Patria Investments by 8.8% during the 3rd quarter. FMR LLC now owns 5,976,699 shares of the company’s stock worth $66,760,000 after buying an additional 483,675 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Patria Investments by 19.1% during the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after acquiring an additional 389,331 shares during the period. State Street Corp raised its holdings in Patria Investments by 21.7% during the third quarter. State Street Corp now owns 1,165,331 shares of the company’s stock worth $13,017,000 after purchasing an additional 208,039 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Patria Investments by 42.2% in the second quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after buying an additional 289,830 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Patria Investments by 0.8% during the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock valued at $7,601,000 after buying an additional 5,187 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Stock Up 0.4 %

Patria Investments stock opened at $11.25 on Wednesday. Patria Investments Limited has a twelve month low of $10.63 and a twelve month high of $16.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $672.38 million, a PE ratio of 26.16, a P/E/G ratio of 1.74 and a beta of 0.58. The firm’s 50 day moving average price is $11.96 and its two-hundred day moving average price is $11.81.

Patria Investments (NYSE:PAX) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $76.55 million. During the same period in the prior year, the company posted $0.23 EPS. On average, research analysts predict that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend was Monday, November 18th. Patria Investments’s dividend payout ratio (DPR) is currently 139.53%.

Analyst Upgrades and Downgrades

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

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.