Empirical Asset Management LLC Purchases New Position in Patria Investments Limited (NYSE:PAX)

Empirical Asset Management LLC acquired a new position in shares of Patria Investments Limited (NYSE:PAX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,600 shares of the company’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mendota Financial Group LLC bought a new position in Patria Investments during the third quarter worth about $56,000. Public Employees Retirement System of Ohio acquired a new position in shares of Patria Investments during the 3rd quarter worth approximately $107,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Patria Investments during the 3rd quarter worth approximately $130,000. Algert Global LLC bought a new position in shares of Patria Investments during the second quarter worth approximately $139,000. Finally, Naviter Wealth LLC acquired a new stake in shares of Patria Investments in the third quarter valued at approximately $183,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group dropped their price objective on 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 Trading Up 5.0 %

Shares of Patria Investments stock opened at $11.65 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 12-month low of $10.63 and a 12-month high of $16.16. The company has a market capitalization of $696.32 million, a price-to-earnings ratio of 27.09, a PEG ratio of 1.18 and a beta of 0.58. The firm’s 50-day moving average price is $11.91 and its two-hundred day moving average price is $11.80.

Patria Investments (NYSE:PAX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $76.55 million. During the same quarter in the prior year, the business posted $0.23 EPS. On average, analysts forecast that Patria Investments Limited will post 1.02 earnings per share for the current fiscal year.

Patria Investments Announces Dividend

The firm 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 of this dividend was Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.15%. Patria Investments’s dividend payout ratio (DPR) is currently 139.53%.

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.