Farther Finance Advisors LLC Boosts Stock Position in Patria Investments Limited $PAX

Farther Finance Advisors LLC raised its position in shares of Patria Investments Limited (NYSE:PAX) by 42.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,721 shares of the company’s stock after purchasing an additional 6,495 shares during the quarter. Farther Finance Advisors LLC’s holdings in Patria Investments were worth $305,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock valued at $43,000 after purchasing an additional 3,440 shares during the last quarter. CWM LLC lifted its holdings in shares of 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. BNP Paribas Financial Markets acquired a new position in shares of Patria Investments in the 4th quarter valued at about $81,000. AdvisorNet Financial Inc lifted its holdings in shares of Patria Investments by 31.9% in the 1st quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company’s stock valued at $82,000 after buying an additional 1,750 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Patria Investments in the 1st quarter valued at about $140,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Price Performance

PAX stock opened at $14.77 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $12.84. The firm has a market capitalization of $982.53 million, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. Patria Investments Limited has a 1 year low of $9.43 and a 1 year high of $15.54.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were given a $0.15 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. Patria Investments’s dividend payout ratio is 107.14%.

Analysts Set New Price Targets

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

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.