Patria Investments Limited (NYSE:PAX) raises dividend to $0.17 per share

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Patria Investments Limited (NYSE:PAX – Get Rating) declared a quarterly dividend on Friday, November 4, reports The Wall Street Journal. Investors of record on Tuesday, November 15 will receive a dividend of 0.171 per share on Wednesday, December 7. This represents a dividend of $0.68 on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, November 14. This is a positive change from Patria Investments’ previous quarterly dividend of $0.17.

Patria Investments Share down 0.2%

Patria Investments stock traded down $0.03 midday Friday, hitting $14.11. 6,031 shares of the stock traded in hands, compared to its average volume of 170,131. The stock’s fifty-day moving average is $13.59 and its 200-day moving average is 14.44 $. Patria Investments has a 12-month low of $12.25 and a 12-month high of $19.49. The stock has a market capitalization of $765.47 million, a P/E ratio of 28.84, a PEG ratio of 1.57 and a beta of 0.60.

Patria Investments (NYSE:PAX – Get Rating) last announced its quarterly results on Tuesday, August 9. The company reported EPS of $0.20 for the quarter, beating consensus analyst estimates of $0.18 by $0.02. Patria Investments had a return on equity of 22.22% and a net margin of 35.12%. The company posted revenue of $55.60 million in the quarter, compared to analyst estimates of $55.74 million. On average, stock analysts predict that Patria Investments will post an EPS of 0.85 for the current financial year.

Institutional investors weigh in on Patria Investments

Several hedge funds and other institutional investors have recently changed their holdings of PAX. JPMorgan Chase & Co. increased its holdings of Patria Investments shares by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 318,825 shares of the company worth $5,678,000 after purchasing an additional 18,825 shares during the period. Citigroup Inc. bought a new stake in shares of Patria Investments in the first quarter worth about $52,000. Sei Investments Co. increased its holdings of Patria Investments shares by 52.9% in the first quarter. Sei Investments Co. now owns 117,447 shares of the company worth $2,092,000 after purchasing an additional 40,659 shares during the period. Renaissance Technologies LLC increased its holdings of Patria Investments shares by 135.4% in the first quarter. Renaissance Technologies LLC now owns 128,300 shares of the company worth $2,285,000 after purchasing an additional 73,800 shares during the period. Finally, Invesco Ltd. increased its equity stake in Patria Investments by 14.2% in the first quarter. Invesco Ltd. now owns 436,618 shares of the company worth $7,776,000 after purchasing an additional 54,222 shares during the period. 94.40% of the shares are currently held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

Several research companies have recently published reports on PAX. TheStreet downgraded Patria Investments from a “c-” rating to a “d+” rating in a Wednesday July 13 research note. Bank of America began covering Patria Investments in a research note on Wednesday, September 7. They issued a “neutral” rating for the company.

About Patria Investments

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Patria Investments Limited operates as a private market investment company focused on investing in Latin America. The company provides asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds and real estate and investment funds. credit.

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Dividend history for Patria Investments (NYSE:PAX)

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