Algert Global LLC Purchases 21,380 Shares of Patria Investments Limited (NYSE:PAX)

Algert Global LLC grew its position in shares of Patria Investments Limited (NYSE:PAX) by 128.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,022 shares of the company’s stock after acquiring an additional 21,380 shares during the quarter. Algert Global LLC’s holdings in Patria Investments were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Patria Investments by 314.0% during the third quarter. Barclays PLC now owns 78,977 shares of the company’s stock valued at $883,000 after buying an additional 59,900 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Patria Investments by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock valued at $4,941,000 after buying an additional 113,935 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of Patria Investments during the fourth quarter valued at approximately $391,000. Raymond James Financial Inc. purchased a new position in shares of Patria Investments during the fourth quarter valued at approximately $808,000. Finally, TimesSquare Capital Management LLC purchased a new position in shares of Patria Investments during the fourth quarter valued at approximately $625,000. Institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 2.4%

Shares of NYSE:PAX opened at $11.74 on Monday. The stock has a market cap of $701.66 million, a price-to-earnings ratio of 23.48, a PEG ratio of 1.28 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $13.42. The business’s 50 day moving average is $10.81 and its 200 day moving average is $11.52.

Patria Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Wednesday, May 14th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.60 annualized dividend and a dividend yield of 5.11%. Patria Investments’s payout ratio is 122.45%.

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.