AdvisorNet Financial Inc Has $142,000 Stock Holdings in Patria Investments Limited (NYSE:PAX)

AdvisorNet Financial Inc grew its position in Patria Investments Limited (NYSE:PAX) by 9.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,580 shares of the company’s stock after buying an additional 850 shares during the period. AdvisorNet Financial Inc’s holdings in Patria Investments were worth $142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its holdings in Patria Investments by 39.6% in the first quarter. Los Angeles Capital Management LLC now owns 133,742 shares of the company’s stock valued at $1,985,000 after acquiring an additional 37,965 shares during the last quarter. Capital International Investors grew its position in shares of Patria Investments by 0.5% during the 4th quarter. Capital International Investors now owns 2,952,119 shares of the company’s stock worth $45,787,000 after buying an additional 13,900 shares during the period. Pertento Partners LLP grew its position in shares of Patria Investments by 9.3% during the 4th quarter. Pertento Partners LLP now owns 2,112,284 shares of the company’s stock worth $32,762,000 after buying an additional 179,809 shares during the period. National Bank of Canada FI lifted its holdings in Patria Investments by 3.7% in the fourth quarter. National Bank of Canada FI now owns 223,909 shares of the company’s stock valued at $3,326,000 after buying an additional 7,938 shares during the period. Finally, Raymond James & Associates bought a new position in shares of Patria Investments in the 4th quarter worth $251,000. Institutional investors own 96.27% of the company’s stock.

Patria Investments Price Performance

Patria Investments stock opened at $12.07 on Thursday. Patria Investments Limited has a fifty-two week low of $12.01 and a fifty-two week high of $16.20. The company’s 50 day simple moving average is $12.94 and its 200 day simple moving average is $14.09. The firm has a market capitalization of $710.44 million, a price-to-earnings ratio of 10.15, a PEG ratio of 0.78 and a beta of 0.62.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.13). The firm had revenue of $60.60 million during the quarter, compared to the consensus estimate of $67.02 million. Patria Investments had a net margin of 36.70% and a return on equity of 35.95%. As a group, analysts predict that Patria Investments Limited will post 1.39 EPS for the current fiscal year.

Patria Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 20th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, May 17th. This represents a $0.70 annualized dividend and a dividend yield of 5.80%. Patria Investments’s dividend payout ratio is currently 89.74%.

Patria Investments 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.