AXQ Capital LP Reduces Position in Patria Investments Limited (NYSE:PAX)

AXQ Capital LP lowered its stake in Patria Investments Limited (NYSE:PAX) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,070 shares of the company’s stock after selling 2,681 shares during the period. AXQ Capital LP’s holdings in Patria Investments were worth $117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PAX. R Squared Ltd acquired a new stake in Patria Investments during the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Patria Investments during the fourth quarter worth about $41,000. Roxbury Financial LLC purchased a new stake in Patria Investments in the fourth quarter valued at approximately $55,000. Geode Capital Management LLC increased its holdings in Patria Investments by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock worth $7,601,000 after buying an additional 5,187 shares during the period. Finally, Janus Henderson Group PLC raised its position in Patria Investments by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 85,278 shares of the company’s stock worth $953,000 after buying an additional 5,599 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Stock Up 0.7 %

PAX stock opened at $11.79 on Tuesday. The company has a market capitalization of $704.65 million, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58. Patria Investments Limited has a 12 month low of $10.50 and a 12 month high of $14.90. The firm’s fifty day simple moving average is $11.73 and its 200-day simple moving average is $11.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.09%. Patria Investments’s payout ratio is currently 120.00%.

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.