Patria Investments Limited (NYSE:PAX) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC cut its position in shares of Patria Investments Limited (NYSE:PAX) by 43.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,400 shares of the company’s stock after selling 14,000 shares during the period. Wellington Shields & Co. LLC’s holdings in Patria Investments were worth $214,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Patria Investments during the fourth quarter worth $29,000. SBI Securities Co. Ltd. purchased a new stake in Patria Investments during the fourth quarter worth $41,000. Roxbury Financial LLC purchased a new stake in Patria Investments during the fourth quarter worth $55,000. Public Employees Retirement System of Ohio purchased a new stake in Patria Investments during the third quarter worth $107,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Patria Investments during the third quarter worth $130,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

Shares of NYSE PAX opened at $11.27 on Friday. The company’s fifty day moving average price is $11.69 and its 200 day moving average price is $11.67. Patria Investments Limited has a 1 year low of $10.50 and a 1 year high of $14.90. The company has a market capitalization of $673.57 million, a PE ratio of 22.54, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Tuesday, February 25th. Patria Investments’s payout ratio 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.