Aviva PLC Lowers Position in Patria Investments Limited $PAX

Aviva PLC decreased its stake in shares of Patria Investments Limited (NYSE:PAX) by 33.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,806 shares of the company’s stock after selling 17,723 shares during the quarter. Aviva PLC owned about 0.06% of Patria Investments worth $503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its holdings in shares of Patria Investments by 174.7% during the 1st quarter. New York State Common Retirement Fund now owns 39,468 shares of the company’s stock valued at $446,000 after purchasing an additional 25,100 shares during the last quarter. CWM LLC increased its holdings in shares of Patria Investments by 85.1% in the first quarter. CWM LLC now owns 5,099 shares of the company’s stock worth $58,000 after purchasing an additional 2,345 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Patria Investments in the first quarter worth about $349,000. Denali Advisors LLC bought a new position in Patria Investments during the first quarter valued at approximately $1,019,000. Finally, Brookwood Investment Group LLC purchased a new position in Patria Investments during the 1st quarter valued at approximately $197,000. 96.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Zacks Research raised Patria Investments from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Patria Investments Stock Performance

Patria Investments stock opened at $14.89 on Friday. 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 firm has a market capitalization of $990.51 million, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. Patria Investments Limited has a 1-year low of $9.43 and a 1-year high of $16.24. The company’s 50-day moving average is $14.61 and its 200 day moving average is $13.71.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 14th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 14th. Patria Investments’s dividend payout ratio (DPR) is currently 86.96%.

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.