Barclays PLC Increases Stock Holdings in Patria Investments Limited (NYSE:PAX)

Barclays PLC raised its position in shares of Patria Investments Limited (NYSE:PAX) by 314.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 78,977 shares of the company’s stock after purchasing an additional 59,900 shares during the period. Barclays PLC’s holdings in Patria Investments were worth $883,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. lifted its position in Patria Investments by 43.9% during the third quarter. Citigroup Inc. now owns 318,580 shares of the company’s stock valued at $3,559,000 after buying an additional 97,210 shares during the period. Quantbot Technologies LP purchased a new position in Patria Investments during the third quarter valued at $669,000. Millennium Management LLC lifted its position in Patria Investments by 42.2% during the second 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 period. State Street Corp lifted its position in Patria Investments by 21.7% during the third quarter. State Street Corp now owns 1,165,331 shares of the company’s stock valued at $13,017,000 after buying an additional 208,039 shares during the period. Finally, FMR LLC lifted its position in Patria Investments by 8.8% during the third quarter. FMR LLC now owns 5,976,699 shares of the company’s stock valued at $66,760,000 after buying an additional 483,675 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Price Performance

Shares of NYSE:PAX opened at $11.49 on Tuesday. Patria Investments Limited has a 1-year low of $10.63 and a 1-year high of $16.16. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average price of $12.00 and a 200-day moving average price of $11.88. The company has a market capitalization of $686.72 million, a PE ratio of 26.72, a PEG ratio of 1.74 and a beta of 0.58.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $76.55 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. As a group, equities analysts expect that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.22%. Patria Investments’s payout ratio is presently 139.53%.

Wall Street Analyst Weigh In

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

About Patria Investments

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.