Nuveen Asset Management LLC Boosts Stock Position in Patria Investments Limited (NYSE:PAX)

Nuveen Asset Management LLC boosted its holdings in Patria Investments Limited (NYSE:PAX) by 40.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,317,635 shares of the company’s stock after buying an additional 382,178 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.20% of Patria Investments worth $15,324,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Pertento Partners LLP increased its holdings in Patria Investments by 8.9% in the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company’s stock valued at $38,479,000 after buying an additional 270,075 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Patria Investments by 27.2% during the fourth quarter. Millennium Management LLC now owns 915,407 shares of the company’s stock worth $10,646,000 after purchasing an additional 195,616 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Patria Investments by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 692,190 shares of the company’s stock worth $8,050,000 after purchasing an additional 11,743 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Patria Investments by 12.7% during the fourth quarter. Northern Trust Corp now owns 597,660 shares of the company’s stock worth $6,951,000 after purchasing an additional 67,241 shares during the last quarter. Finally, Castalian Partners LLC purchased a new position in shares of Patria Investments during the fourth quarter worth about $1,631,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Performance

Shares of PAX stock opened at $12.87 on Monday. The stock’s 50-day moving average is $11.10 and its two-hundred day moving average is $11.58. The firm has a market cap of $780.45 million, a price-to-earnings ratio of 25.74, a PEG ratio of 1.28 and a beta of 0.57. Patria Investments Limited has a 1 year low of $9.43 and a 1 year high of $13.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Wednesday, May 14th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Wednesday, May 14th. Patria Investments’s payout ratio is 122.45%.

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.