Public Employees Retirement System of Ohio Acquires New Holdings in Patria Investments Limited (NYSE:PAX)

Public Employees Retirement System of Ohio bought a new stake in shares of Patria Investments Limited (NYSE:PAX) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,600 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Patria Investments by 8.8% during the third quarter. FMR LLC now owns 5,976,699 shares of the company’s stock valued at $66,760,000 after purchasing an additional 483,675 shares in the last quarter. American Century Companies Inc. raised its position in shares of Patria Investments by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock worth $29,244,000 after buying an additional 389,331 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Patria Investments by 42.2% in the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock worth $11,775,000 after acquiring an additional 289,830 shares during the period. State Street Corp boosted its holdings in shares of Patria Investments by 21.7% in the third quarter. State Street Corp now owns 1,165,331 shares of the company’s stock valued at $13,017,000 after acquiring an additional 208,039 shares in the last quarter. Finally, Phase 2 Partners LLC increased its stake in shares of Patria Investments by 57.7% during the third quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock valued at $6,050,000 after acquiring an additional 198,225 shares during the period. Institutional investors own 96.27% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut their target price on 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 Price Performance

NYSE:PAX opened at $11.47 on Monday. 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 business’s 50-day moving average price is $11.99 and its 200 day moving average price is $11.93. Patria Investments Limited has a 52-week low of $10.63 and a 52-week high of $16.16. The firm has a market cap of $685.53 million, a P/E ratio of 26.67, a PEG ratio of 1.74 and a beta of 0.58.

Patria Investments (NYSE:PAX) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same period in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts predict that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date was Monday, November 18th. Patria Investments’s payout ratio is 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.