Rhumbline Advisers Raises Stock Position in Patria Investments Limited (NYSE:PAX)

Rhumbline Advisers increased its holdings in shares of Patria Investments Limited (NYSE:PAX) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,732 shares of the company’s stock after purchasing an additional 7,158 shares during the period. Rhumbline Advisers owned approximately 0.13% of Patria Investments worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its holdings in shares of Patria Investments by 24.9% during the second quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company’s stock worth $276,000 after purchasing an additional 4,551 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Patria Investments by 13.3% during the second quarter. Bank of New York Mellon Corp now owns 181,777 shares of the company’s stock worth $2,192,000 after purchasing an additional 21,282 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in shares of Patria Investments by 1.3% during the second quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company’s stock worth $1,133,000 after purchasing an additional 1,228 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Patria Investments by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company’s stock worth $1,912,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Patria Investments in the first quarter valued at $200,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 0.5 %

PAX opened at $11.34 on Tuesday. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $11.81 and a two-hundred day moving average of $12.81. The stock has a market capitalization of $667.51 million, a price-to-earnings ratio of 14.49, a PEG ratio of 1.16 and a beta of 0.58.

Patria Investments (NYSE:PAX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The company had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $69.99 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, research analysts expect that Patria Investments Limited will post 1.2 earnings per share for the current year.

Patria Investments Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were issued 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 5.29%. Patria Investments’s payout ratio is 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.