Geode Capital Management LLC Purchases 75,699 Shares of Patria Investments Limited $PAX

Geode Capital Management LLC lifted its position in Patria Investments Limited (NYSE:PAX) by 10.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 830,278 shares of the company’s stock after buying an additional 75,699 shares during the period. Geode Capital Management LLC owned approximately 1.37% of Patria Investments worth $11,674,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CWM LLC lifted its position in Patria Investments by 47.4% during the second quarter. CWM LLC now owns 7,516 shares of the company’s stock valued at $106,000 after acquiring an additional 2,417 shares during the last quarter. AdvisorNet Financial Inc increased its position in shares of Patria Investments by 23.3% during 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 in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Patria Investments during the 1st quarter valued at $140,000. Savant Capital LLC purchased a new stake in shares of Patria Investments during the 2nd quarter valued at $150,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Patria Investments in the 1st quarter worth $153,000. Institutional investors own 96.27% of the company’s stock.

Analysts Set New Price Targets

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

Patria Investments Trading Up 0.7%

NYSE PAX opened at $15.17 on Wednesday. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $16.24. The company has a fifty day simple moving average of $14.62 and a two-hundred day simple moving average of $14.04. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1.01 billion, a P/E ratio of 30.34, a P/E/G ratio of 1.28 and a beta of 0.70.

Patria Investments Dividend Announcement

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

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.