Patria Investments Limited (NYSE:PAX) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Patria Investments Limited (NYSE:PAX) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,626 shares of the company’s stock after selling 7,599 shares during the quarter. Los Angeles Capital Management LLC owned 0.07% of Patria Investments worth $461,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC purchased a new stake in shares of Patria Investments in the 4th quarter valued at $625,000. Roxbury Financial LLC acquired a new position in Patria Investments in the 4th quarter valued at about $55,000. Yorktown Management & Research Co Inc purchased a new stake in Patria Investments during the fourth quarter worth about $395,000. R Squared Ltd acquired a new stake in shares of Patria Investments during the fourth quarter worth about $29,000. Finally, SG Americas Securities LLC lifted its position in shares of Patria Investments by 36.7% during the fourth quarter. SG Americas Securities LLC now owns 25,833 shares of the company’s stock worth $300,000 after purchasing an additional 6,936 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Trading Down 2.6 %

Shares of PAX stock opened at $11.04 on Tuesday. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $15.04. The company has a 50 day moving average price of $11.77 and a 200 day moving average price of $11.71. The stock has a market capitalization of $659.83 million, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.60 annualized dividend and a dividend yield of 5.43%. Patria Investments’s dividend payout ratio (DPR) is 120.00%.

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.