Patria Investments (NYSE:PAX) Reaches New 1-Year High – Here’s Why

Patria Investments Limited (NYSE:PAX) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $14.02 and last traded at $13.98, with a volume of 494688 shares. The stock had previously closed at $13.61.

Patria Investments Stock Performance

The company’s fifty day moving average is $11.78 and its 200 day moving average is $11.71. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $847.76 million, a P/E ratio of 27.96, a P/E/G ratio of 1.28 and a beta of 0.67.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Wednesday, May 14th. Patria Investments’s dividend payout ratio (DPR) is presently 122.45%.

Institutional Trading of Patria Investments

A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its holdings in Patria Investments by 7.1% during the 1st quarter. Rhumbline Advisers now owns 82,275 shares of the company’s stock valued at $929,000 after buying an additional 5,479 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Patria Investments in the first quarter valued at approximately $153,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Patria Investments by 8.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company’s stock valued at $388,000 after acquiring an additional 2,740 shares in the last quarter. AQR Capital Management LLC grew its stake in Patria Investments by 234.2% during the first quarter. AQR Capital Management LLC now owns 43,789 shares of the company’s stock valued at $494,000 after acquiring an additional 30,688 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its holdings in Patria Investments by 9.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,625,000 shares of the company’s stock worth $18,346,000 after acquiring an additional 141,842 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

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.