Patria Investments Limited (NYSE:PAX) Shares Set to Pay Quarterly Dividend of $0.16

by · The Markets Daily

Patria Investments Limited (NYSE:PAX – Get Free Report) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be paid a dividend of $0.1625 per share on Friday, December 11th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, November 13th.

Patria Investments has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Patria Investments to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 40.9%.

Patria Investments Stock Performance

Shares of PAX stock traded down $0.04 during trading on Tuesday, reaching $9.36. 3,428,035 shares of the company’s stock traded hands, compared to its average volume of 1,049,780. The firm’s 50-day moving average is $10.83 and its 200 day moving average is $11.94. The company has a market capitalization of $622.66 million, a P/E ratio of 18.72, a PEG ratio of 1.28 and a beta of 0.80. Patria Investments has a 1 year low of $9.03 and a 1 year high of $17.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Insider Transactions at Patria Investments

In other news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $11.29, for a total value of $79,075.16. Following the completion of the sale, the insider directly owned 443,178 shares in the company, valued at approximately $5,003,479.62. The trade was a 1.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 58.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in shares of Patria Investments during the second quarter valued at about $27,000. Hsbc Holdings PLC grew its stake in shares of Patria Investments by 6.1% in the first quarter. Hsbc Holdings PLC now owns 47,241 shares of the company’s stock worth $591,000 after purchasing an additional 2,702 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Patria Investments by 6.7% in the third quarter. Pictet Asset Management Holding SA now owns 76,867 shares of the company’s stock worth $780,000 after purchasing an additional 4,846 shares during the last quarter. Bank of America Corp DE increased its holdings in Patria Investments by 2.9% during the 1st quarter. Bank of America Corp DE now owns 246,552 shares of the company’s stock valued at $3,107,000 after purchasing an additional 6,865 shares during the period. Finally, AXQ Capital LP purchased a new position in Patria Investments during the 2nd quarter valued at about $112,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Company Profile

(Get Free Report)

Patria Investments (NYSE: PAX) is a global alternative asset management firm focused on investing in private markets. The company manages capital on behalf of institutional investors, family offices, and other clients through strategies that include private equity, infrastructure, credit, growth capital, venture capital, and real estate.

Founded in Brazil in 1988, Patria has developed extensive experience investing in Latin America and has expanded its platform to serve clients and pursue opportunities across North America, Europe, and other international markets.

See Also