JPMorgan Chase & Co. Sells 38,722 Shares of Patria Investments Limited (NYSE:PAX)

JPMorgan Chase & Co. lowered its position in Patria Investments Limited (NYSE:PAX) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 403,643 shares of the company’s stock after selling 38,722 shares during the period. JPMorgan Chase & Co. owned approximately 0.68% of Patria Investments worth $4,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PAX. State Street Corp boosted its holdings in Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company’s stock valued at $13,017,000 after acquiring an additional 208,039 shares during the period. Geode Capital Management LLC lifted its position in shares of Patria Investments by 0.8% during the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock worth $7,601,000 after purchasing an additional 5,187 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Patria Investments by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 135,284 shares of the company’s stock valued at $1,573,000 after purchasing an additional 5,852 shares during the period. Barclays PLC grew its holdings in shares of Patria Investments by 314.0% in the third quarter. Barclays PLC now owns 78,977 shares of the company’s stock worth $883,000 after purchasing an additional 59,900 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Patria Investments in the 4th quarter worth about $808,000. Institutional investors own 96.27% of the company’s stock.

Patria Investments Trading Up 1.0 %

Shares of PAX opened at $9.98 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $596.47 million, a price-to-earnings ratio of 19.96, a PEG ratio of 1.28 and a beta of 0.56. The company has a 50-day moving average of $11.22 and a 200 day moving average of $11.59. Patria Investments Limited has a 1-year low of $9.43 and a 1-year high of $14.26.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.01%. Patria Investments’s payout ratio is 120.00%.

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.