Intech Investment Management LLC Buys Shares of 17,862 Patria Investments Limited (NYSE:PAX)

Intech Investment Management LLC purchased a new stake in Patria Investments Limited (NYSE:PAX) during the 3rd quarter, Holdings Channel reports. The fund purchased 17,862 shares of the company’s stock, valued at approximately $200,000.

Other large investors have also modified their holdings of the company. Coronation Fund Managers Ltd. raised its position 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 worth $1,133,000 after purchasing an additional 1,228 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 during the last quarter. Commonwealth Equity Services LLC raised its holdings 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 purchased a new stake in shares of Patria Investments in the third quarter valued at $56,000. Finally, MQS Management LLC boosted its stake in shares of Patria Investments by 32.9% during the second quarter. MQS Management LLC now owns 24,977 shares of the company’s stock valued at $301,000 after acquiring an additional 6,190 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Price Performance

PAX stock opened at $12.01 on Friday. The stock’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $11.99. Patria Investments Limited has a 52-week low of $10.63 and a 52-week high of $16.16. The stock has a market capitalization of $717.84 million, a price-to-earnings ratio of 28.51, a price-to-earnings-growth ratio of 1.47 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 (NYSE:PAX) last announced its quarterly earnings data 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). Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. The company had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $76.55 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. Equities research analysts expect that Patria Investments Limited will post 1.05 EPS for the current year.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. Patria Investments’s dividend payout ratio is presently 139.53%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their target price 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 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.