Public Employees Retirement System of Ohio Grows Holdings in Patria Investments Limited $PAX

Public Employees Retirement System of Ohio grew its holdings in Patria Investments Limited (NYSE:PAX) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,900 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Public Employees Retirement System of Ohio’s holdings in Patria Investments were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Adage Capital Partners GP L.L.C. increased its stake in Patria Investments by 9.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,625,000 shares of the company’s stock worth $18,346,000 after purchasing an additional 141,842 shares during the period. Nuveen LLC purchased a new position in shares of Patria Investments during the first quarter valued at $13,503,000. Charles Schwab Investment Management Inc. increased its stake in shares of Patria Investments by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 139,650 shares of the company’s stock valued at $1,577,000 after buying an additional 4,366 shares during the period. Invesco Ltd. increased its stake in shares of Patria Investments by 91.3% during the first quarter. Invesco Ltd. now owns 103,963 shares of the company’s stock valued at $1,174,000 after buying an additional 49,611 shares during the period. Finally, Denali Advisors LLC purchased a new position in shares of Patria Investments during the first quarter valued at $1,019,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Performance

Shares of Patria Investments stock opened at $14.25 on Tuesday. The firm has a market capitalization of $947.94 million, a P/E ratio of 28.50, a PEG ratio of 1.28 and a beta of 0.70. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $14.04 and a 200 day moving average price of $12.93. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $15.54.

Patria Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Patria Investments’s payout ratio is 107.14%.

Wall Street Analyst Weigh In

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

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.