Intech Investment Management LLC Lowers Stock Position in Patria Investments Limited $PAX

Intech Investment Management LLC lowered its holdings in shares of Patria Investments Limited (NYSE:PAX) by 47.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,648 shares of the company’s stock after selling 20,998 shares during the period. Intech Investment Management LLC’s holdings in Patria Investments were worth $332,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in Patria Investments by 7.8% in the second quarter. Public Employees Retirement System of Ohio now owns 13,900 shares of the company’s stock valued at $195,000 after acquiring an additional 1,000 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in Patria Investments by 23.3% in the second quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company’s stock worth $125,000 after purchasing an additional 1,685 shares during the period. CWM LLC increased its position in shares of Patria Investments by 85.1% during the 1st quarter. CWM LLC now owns 5,099 shares of the company’s stock valued at $58,000 after purchasing an additional 2,345 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Patria Investments by 7.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,480 shares of the company’s stock valued at $513,000 after acquiring an additional 2,457 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Patria Investments by 8.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company’s stock worth $388,000 after purchasing an additional 2,740 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Patria Investments Price Performance

Patria Investments stock opened at $15.08 on Monday. The business’s 50-day simple moving average is $14.63 and its 200 day simple moving average is $14.01. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $16.24. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 30.15, a P/E/G 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.

Patria Investments Dividend Announcement

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

Analyst Ratings Changes

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

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.