Raymond James & Associates Buys Shares of 16,170 Patria Investments Limited (NYSE:PAX)

Raymond James & Associates purchased a new position in shares of Patria Investments Limited (NYSE:PAX) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 16,170 shares of the company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Daiwa Securities Group Inc. boosted its holdings in Patria Investments by 5.7% during the third quarter. Daiwa Securities Group Inc. now owns 22,471 shares of the company’s stock worth $328,000 after buying an additional 1,202 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Patria Investments by 8.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the company’s stock valued at $244,000 after purchasing an additional 1,314 shares during the period. Hsbc Holdings PLC raised its holdings in Patria Investments by 3.4% in the third quarter. Hsbc Holdings PLC now owns 47,271 shares of the company’s stock worth $687,000 after purchasing an additional 1,567 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Patria Investments by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 156,205 shares of the company’s stock worth $2,277,000 after purchasing an additional 5,078 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Patria Investments by 74.3% in the 4th quarter. SG Americas Securities LLC now owns 12,691 shares of the company’s stock valued at $197,000 after buying an additional 5,408 shares during the period. Institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Performance

Shares of Patria Investments stock opened at $13.60 on Tuesday. The stock’s fifty day simple moving average is $14.46 and its 200 day simple moving average is $14.40. The company has a market capitalization of $737.80 million, a PE ratio of 16.79, a PEG ratio of 0.70 and a beta of 0.60. Patria Investments Limited has a 12 month low of $12.81 and a 12 month high of $16.20.

Patria Investments (NYSE:PAX) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.13. Patria Investments had a return on equity of 38.20% and a net margin of 36.81%. The company had revenue of $111.70 million for the quarter, compared to analyst estimates of $83.41 million. During the same quarter last year, the firm posted $0.36 earnings per share. Analysts predict that Patria Investments Limited will post 1.63 EPS for the current fiscal year.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.399 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.60 annualized dividend and a yield of 11.74%. Patria Investments’s dividend payout ratio (DPR) is currently 196.30%.

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.