Federated Hermes Inc. Grows Stock Holdings in Patria Investments Limited (NYSE:PAX)

Federated Hermes Inc. raised its holdings in shares of Patria Investments Limited (NYSE:PAX) by 58.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,000 shares of the company’s stock after acquiring an additional 35,000 shares during the quarter. Federated Hermes Inc. owned about 0.16% of Patria Investments worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in PAX. Capital International Investors lifted its holdings in 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 purchasing an additional 13,900 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Patria Investments by 19.1% in the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after acquiring an additional 389,331 shares during the period. Capital International Inc. CA grew its stake in Patria Investments by 6.2% during the first quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after acquiring an additional 55,065 shares in the last quarter. Vanguard Group Inc. increased its holdings in Patria Investments by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock worth $6,230,000 after acquiring an additional 58,443 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Patria Investments by 10.3% in the 2nd quarter. National Bank of Canada FI now owns 243,447 shares of the company’s stock valued at $2,963,000 after purchasing an additional 22,825 shares during the period. 96.27% of the stock is owned by institutional investors.

Patria Investments Trading Down 2.0 %

Patria Investments stock opened at $11.28 on Friday. 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 Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16. The stock has a market cap of $674.21 million, a P/E ratio of 14.46, a PEG ratio of 1.16 and a beta of 0.58. The firm’s fifty day moving average price is $11.81 and its 200-day moving average price is $12.84.

Patria Investments (NYSE:PAX) last announced its 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 business 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 period in the prior year, the company earned $0.30 EPS. Equities research analysts forecast that Patria Investments Limited will post 1.2 earnings per share for the current fiscal year.

Patria Investments Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were paid a $0.15 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 5.32%. Patria Investments’s dividend payout ratio is presently 76.92%.

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.