Raymond James Financial Inc. Acquires New Shares in Patria Investments Limited (NYSE:PAX)

Raymond James Financial Inc. bought a new position in Patria Investments Limited (NYSE:PAX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 69,505 shares of the company’s stock, valued at approximately $808,000. Raymond James Financial Inc. owned 0.12% of Patria Investments at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Patria Investments in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Patria Investments in the fourth quarter valued at approximately $41,000. Roxbury Financial LLC bought a new stake in shares of Patria Investments during the fourth quarter valued at approximately $55,000. Quadrant Capital Group LLC boosted its position in shares of Patria Investments by 239.5% during the fourth quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company’s stock worth $113,000 after buying an additional 6,837 shares during the period. Finally, Pictet Asset Management Holding SA bought a new position in Patria Investments in the 4th quarter worth approximately $122,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Stock Up 0.7 %

PAX opened at $10.84 on Wednesday. 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 Limited has a 12 month low of $9.43 and a 12 month high of $13.42. The stock’s 50 day moving average price is $10.79 and its 200 day moving average price is $11.52. The stock has a market cap of $647.87 million, a P/E ratio of 21.68, a P/E/G ratio of 1.28 and a beta of 0.57.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Wednesday, May 14th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Wednesday, May 14th. Patria Investments’s payout ratio is currently 122.45%.

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.