Goldman Sachs Group Inc. Decreases Position in Patria Investments Limited $PAX

Goldman Sachs Group Inc. lessened its holdings in Patria Investments Limited (NYSE:PAX) by 39.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,960 shares of the company’s stock after selling 202,511 shares during the quarter. Goldman Sachs Group Inc. owned 0.51% of Patria Investments worth $3,499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Patria Investments by 4.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,590 shares of the company’s stock worth $367,000 after acquiring an additional 1,487 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Patria Investments by 31.9% in 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 last quarter. CWM LLC grew its holdings in Patria Investments by 85.1% in 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 last quarter. GAMMA Investing LLC grew its holdings in Patria Investments by 888.9% in 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 last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Patria Investments by 38.5% in 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 last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 1.9%

Shares of Patria Investments stock opened at $15.25 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $1.01 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. Patria Investments Limited has a 52-week low of $9.43 and a 52-week high of $15.40. The company has a 50-day simple moving average of $13.78 and a two-hundred day simple moving average of $12.63.

Patria Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 15th. Patria Investments’s payout ratio is presently 107.14%.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Patria Investments has a consensus rating of “Moderate Buy” and an average price target of $14.00.

About Patria Investments

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.