Patria Investments Limited (NYSE:PAX) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its holdings in shares of Patria Investments Limited (NYSE:PAX) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,010 shares of the company’s stock after selling 3,895 shares during the period. Alliancebernstein L.P. owned about 0.09% of Patria Investments worth $651,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Patria Investments during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Patria Investments in the 4th quarter valued at approximately $41,000. Roxbury Financial LLC acquired a new stake in shares of Patria Investments in the 4th quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Patria Investments in the 3rd quarter valued at $107,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Patria Investments during the 4th quarter worth $122,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Stock Performance

NYSE:PAX opened at $9.98 on Friday. The firm has a market capitalization of $596.47 million, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.28 and a beta of 0.56. 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 business’s fifty day moving average price is $11.22 and its 200 day moving average price is $11.59. Patria Investments Limited has a 12 month low of $9.43 and a 12 month high of $14.26.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.01%. The ex-dividend date was Tuesday, February 25th. Patria Investments’s dividend payout ratio (DPR) is presently 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.