Los Angeles Capital Management LLC Sells 86,027 Shares of Patria Investments Limited (NYSE:PAX)

Los Angeles Capital Management LLC cut its stake in shares of Patria Investments Limited (NYSE:PAX) by 64.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,225 shares of the company’s stock after selling 86,027 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Patria Investments were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. lifted its position in Patria Investments by 19.1% in the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after purchasing an additional 389,331 shares during the last quarter. Millennium Management LLC raised its holdings in Patria Investments by 42.2% during the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after buying an additional 289,830 shares during the last quarter. Vanguard Group Inc. boosted its position in Patria Investments by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after buying an additional 58,443 shares during the period. Capital International Inc. CA grew its holdings in Patria Investments by 6.2% in the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock worth $14,068,000 after acquiring an additional 55,065 shares during the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Patria Investments in the second quarter valued at about $462,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Price Performance

Shares of PAX stock opened at $11.92 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $712.46 million, a P/E ratio of 27.72, a P/E/G ratio of 1.50 and a beta of 0.57. The business’s 50 day moving average price is $11.46 and its 200-day moving average price is $12.06. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16.

Patria Investments (NYSE:PAX) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The company had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $76.55 million. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, equities research analysts anticipate that Patria Investments Limited will post 1.05 earnings per share for the current year.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.03%. Patria Investments’s dividend payout ratio (DPR) is presently 139.53%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group dropped their target price on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd.

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.