Patria Investments Limited (NYSE:PAX) Shares Sold by Strs Ohio

Strs Ohio reduced its stake in Patria Investments Limited (NYSE:PAX) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,100 shares of the company’s stock after selling 1,300 shares during the quarter. Strs Ohio’s holdings in Patria Investments were worth $683,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Patria Investments during the 3rd quarter worth approximately $106,000. Bank of New York Mellon Corp increased its position in shares of Patria Investments by 3.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 156,205 shares of the company’s stock valued at $2,277,000 after purchasing an additional 5,078 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Patria Investments by 5.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,471 shares of the company’s stock valued at $328,000 after purchasing an additional 1,202 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Patria Investments in the 3rd quarter valued at approximately $1,517,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Patria Investments in the 3rd quarter valued at approximately $183,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Trading Down 2.2 %

Shares of NYSE:PAX opened at $13.63 on Friday. Patria Investments Limited has a 52 week low of $12.81 and a 52 week high of $16.20. The company’s 50 day moving average is $14.54 and its two-hundred day moving average is $14.41. The company has a market cap of $739.43 million, a PE ratio of 16.83, a P/E/G ratio of 0.73 and a beta of 0.60.

Patria Investments (NYSE:PAX) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.13. Patria Investments had a net margin of 36.81% and a return on equity of 38.20%. The company had revenue of $111.70 million for the quarter, compared to the consensus estimate of $83.41 million. During the same period in the prior year, the firm posted $0.36 EPS. As a group, equities research analysts expect that Patria Investments Limited will post 1.63 EPS for the current year.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were given a $0.399 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.71%. The ex-dividend date of this dividend was Wednesday, February 21st. Patria Investments’s dividend payout ratio (DPR) is 196.30%.

About Patria Investments

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.