Jane Street Group LLC Sells 5,338 Shares of Patria Investments Limited (NYSE:PAX)

Jane Street Group LLC reduced its stake in Patria Investments Limited (NYSE:PAX) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 180,819 shares of the company’s stock after selling 5,338 shares during the period. Jane Street Group LLC’s holdings in Patria Investments were worth $2,020,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mendota Financial Group LLC purchased a new stake in shares of Patria Investments during the third quarter valued at $56,000. Algert Global LLC purchased a new stake in shares of Patria Investments during the 2nd quarter valued at about $139,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Patria Investments in the third quarter worth approximately $130,000. Naviter Wealth LLC purchased a new stake in Patria Investments during the 3rd quarter valued at $183,000. Finally, Intech Investment Management LLC bought a new position in Patria Investments in the third quarter worth approximately $200,000. Institutional investors own 96.27% of the company’s stock.

Analysts Set New Price Targets

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

Patria Investments Trading Up 0.9 %

NYSE PAX opened at $11.51 on Wednesday. The company has a market capitalization of $687.92 million, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 1.74 and a beta of 0.58. 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 company’s 50-day simple moving average is $11.99 and its two-hundred day simple moving average is $11.91. Patria Investments Limited has a one year low of $10.63 and a one year high of $16.16.

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 firm had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.55 million. Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. During the same quarter in the prior year, the company earned $0.23 EPS. Equities analysts forecast that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date was Monday, November 18th. Patria Investments’s dividend payout ratio is presently 139.53%.

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.