Renaissance Technologies LLC Reduces Holdings in Patria Investments Limited (NYSE:PAX)

Renaissance Technologies LLC reduced its stake in shares of Patria Investments Limited (NYSE:PAX) by 57.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,800 shares of the company’s stock after selling 138,500 shares during the period. Renaissance Technologies LLC owned 0.18% of Patria Investments worth $1,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital International Inc. CA raised its holdings in shares of Patria Investments by 6.2% in the first 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. Vanguard Group Inc. lifted its holdings in Patria Investments by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after purchasing an additional 58,443 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Patria Investments by 1.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company’s stock worth $1,912,000 after purchasing an additional 2,405 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Patria Investments by 39.6% during the first quarter. Los Angeles Capital Management LLC now owns 133,742 shares of the company’s stock worth $1,985,000 after buying an additional 37,965 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Patria Investments in the first quarter valued at approximately $219,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Performance

Shares of PAX opened at $11.00 on Friday. Patria Investments Limited has a 1 year low of $10.63 and a 1 year high of $16.16. The company’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $12.59. The company has a market capitalization of $647.49 million, a price-to-earnings ratio of 14.10, a PEG ratio of 1.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $75.00 million for the quarter, compared to analyst estimates of $69.99 million. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. During the same quarter in the prior year, the company posted $0.30 EPS. On average, sell-side analysts predict that Patria Investments Limited will post 1.2 EPS for the current year.

Patria Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.45%. The ex-dividend date was Monday, August 19th. Patria Investments’s dividend payout ratio (DPR) is 76.92%.

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.