Patria Investments Limited (NYSE:PAX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in Patria Investments Limited (NYSE:PAX) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,366 shares of the company’s stock after selling 20,820 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of Patria Investments worth $679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC raised its position in Patria Investments by 314.0% in the 3rd quarter. Barclays PLC now owns 78,977 shares of the company’s stock valued at $883,000 after purchasing an additional 59,900 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Patria Investments by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock worth $4,941,000 after buying an additional 113,935 shares during the period. Empirical Asset Management LLC acquired a new stake in Patria Investments in the fourth quarter valued at approximately $391,000. Raymond James Financial Inc. purchased a new position in Patria Investments in the fourth quarter worth approximately $808,000. Finally, TimesSquare Capital Management LLC acquired a new position in Patria Investments during the 4th quarter worth approximately $625,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Price Performance

Shares of PAX opened at $10.68 on Friday. The firm has a market capitalization of $638.31 million, a price-to-earnings ratio of 21.36, a PEG ratio of 1.28 and a beta of 0.56. The firm’s fifty day simple moving average is $10.84 and its 200-day simple moving average is $11.54. Patria Investments Limited has a twelve month low of $9.43 and a twelve month high of $13.69. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Tuesday, February 25th. Patria Investments’s dividend payout ratio 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.