Bank of New York Mellon Corp Buys 21,282 Shares of Patria Investments Limited (NYSE:PAX)

Bank of New York Mellon Corp raised its position in shares of Patria Investments Limited (NYSE:PAX) by 13.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 181,777 shares of the company’s stock after purchasing an additional 21,282 shares during the quarter. Bank of New York Mellon Corp’s holdings in Patria Investments were worth $2,192,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in shares of Patria Investments by 9.7% in the first quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock valued at $142,000 after buying an additional 850 shares in the last quarter. Coronation Fund Managers Ltd. boosted its holdings in shares of Patria Investments by 1.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company’s stock worth $1,133,000 after buying an additional 1,228 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Patria Investments by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company’s stock valued at $1,912,000 after buying an additional 2,405 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Patria Investments during the 1st quarter worth approximately $200,000. Finally, Capital International Investors raised its stake in shares of Patria Investments by 0.5% in the fourth quarter. Capital International Investors now owns 2,952,119 shares of the company’s stock valued at $45,787,000 after buying an additional 13,900 shares during the period. Institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 0.9 %

PAX opened at $11.26 on Wednesday. The firm has a market capitalization of $673.01 million, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.13 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $11.89 and a 200-day moving average price of $12.88. Patria Investments Limited has a one year low of $10.63 and a one year high of $16.16.

Patria Investments (NYSE:PAX) last released its earnings results on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The company had revenue of $75.00 million during the quarter, compared to analyst estimates of $69.99 million. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. During the same quarter in the previous year, the company posted $0.30 EPS. Equities research analysts expect that Patria Investments Limited will post 1.2 earnings per share for the current fiscal year.

Patria Investments Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 19th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.60 annualized dividend and a yield of 5.33%. Patria Investments’s payout ratio is 76.92%.

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.