Russell Investments Group Ltd. Boosts Position in Patria Investments Limited $PAX

Russell Investments Group Ltd. lifted its stake in shares of Patria Investments Limited (NYSE:PAX) by 850.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,790 shares of the company’s stock after acquiring an additional 21,287 shares during the period. Russell Investments Group Ltd.’s holdings in Patria Investments were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock worth $43,000 after acquiring an additional 3,440 shares during the period. CWM LLC raised its holdings in shares of Patria Investments by 85.1% during the 1st quarter. CWM LLC now owns 5,099 shares of the company’s stock worth $58,000 after acquiring an additional 2,345 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Patria Investments during the 4th quarter worth $81,000. AdvisorNet Financial Inc raised its holdings in shares of Patria Investments by 31.9% during the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company’s stock worth $82,000 after acquiring an additional 1,750 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Patria Investments by 38.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 13,300 shares of the company’s stock worth $155,000 after acquiring an additional 3,700 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 0.5%

Shares of PAX opened at $13.54 on Tuesday. The firm has a market cap of $900.71 million, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $14.52. The company’s 50-day moving average price is $13.71 and its 200 day moving average price is $12.42. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, August 15th. Patria Investments’s payout ratio is 107.14%.

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.