140,249 Shares in Patria Investments Limited (NYSE:PAX) Purchased by Castalian Partners LLC

Castalian Partners LLC bought a new position in Patria Investments Limited (NYSE:PAX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 140,249 shares of the company’s stock, valued at approximately $1,631,000. Patria Investments makes up 0.8% of Castalian Partners LLC’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in PAX. Barclays PLC boosted its position in Patria Investments by 314.0% during the 3rd quarter. Barclays PLC now owns 78,977 shares of the company’s stock worth $883,000 after acquiring an additional 59,900 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Patria Investments by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock worth $4,941,000 after purchasing an additional 113,935 shares during the period. Empirical Asset Management LLC bought a new position in shares of Patria Investments in the 4th quarter valued at $391,000. Raymond James Financial Inc. bought a new stake in shares of Patria Investments during the fourth quarter worth $808,000. Finally, TimesSquare Capital Management LLC bought a new position in shares of Patria Investments during the fourth quarter valued at $625,000. Institutional investors own 96.27% of the company’s stock.

Patria Investments Price Performance

Shares of NYSE PAX opened at $10.47 on Wednesday. The company has a market capitalization of $625.76 million, a PE ratio of 20.94, a P/E/G ratio of 1.28 and a beta of 0.56. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $10.89 and a 200 day simple moving average of $11.55. Patria Investments Limited has a twelve month low of $9.43 and a twelve month high of $13.69.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 5.73%. Patria Investments’s payout ratio is 120.00%.

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.