Patria Investments (NYSE:PAX) Shares Gap Down – Here’s What Happened

Patria Investments Limited (NYSE:PAX) shares gapped down prior to trading on Friday . The stock had previously closed at $10.68, but opened at $10.19. Patria Investments shares last traded at $10.33, with a volume of 236,338 shares trading hands.

Patria Investments Stock Performance

The firm’s 50 day moving average price is $10.82 and its 200-day moving average price is $11.53. The firm has a market cap of $630.54 million, a price-to-earnings ratio of 21.10, a P/E/G 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.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 5.69%. Patria Investments’s dividend payout ratio is 120.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Patria Investments in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Patria Investments in the fourth quarter valued at $41,000. GAMMA Investing LLC lifted its position in Patria Investments by 888.9% in the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock worth $43,000 after purchasing an additional 3,440 shares during the period. Roxbury Financial LLC acquired a new stake in Patria Investments during the fourth quarter worth $55,000. Finally, CWM LLC increased its holdings in Patria Investments by 85.1% in the 1st quarter. CWM LLC now owns 5,099 shares of the company’s stock valued at $58,000 after buying an additional 2,345 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

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.