Federated Hermes Inc. Cuts Stake in Patria Investments Limited (NYSE:PAX)

Federated Hermes Inc. reduced its stake in shares of Patria Investments Limited (NYSE:PAX) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,000 shares of the company’s stock after selling 20,000 shares during the period. Federated Hermes Inc.’s holdings in Patria Investments were worth $931,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PAX. SG Americas Securities LLC purchased a new position in shares of Patria Investments during the 3rd quarter worth about $106,000. Victory Capital Management Inc. purchased a new position in Patria Investments in the third quarter valued at approximately $183,000. State Board of Administration of Florida Retirement System raised its holdings in Patria Investments by 8.5% in 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 buying an additional 1,314 shares during the period. Raymond James & Associates purchased a new position in Patria Investments in the fourth quarter valued at approximately $251,000. Finally, Quadrature Capital Ltd purchased a new position in Patria Investments in the third quarter valued at approximately $272,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

NYSE PAX opened at $13.39 on Thursday. Patria Investments Limited has a one year low of $12.81 and a one year high of $16.20. The company’s 50 day moving average price is $14.42 and its 200 day moving average price is $14.40.

Patria Investments (NYSE:PAX) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.34 by $0.13. Patria Investments had a net margin of 36.81% and a return on equity of 38.20%. The firm 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. Equities analysts anticipate that Patria Investments Limited will post 1.63 earnings per share for the current year.

Patria Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.399 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.92%. Patria Investments’s dividend payout ratio is currently 197.53%.

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.