Intech Investment Management LLC Invests $200,000 in Patria Investments Limited (NYSE:PAX)

Intech Investment Management LLC purchased a new stake in Patria Investments Limited (NYSE:PAX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,862 shares of the company’s stock, valued at approximately $200,000.

A number of other large investors have also recently bought and sold shares of PAX. Mendota Financial Group LLC acquired a new stake in Patria Investments during the 3rd quarter worth approximately $56,000. Algert Global LLC purchased a new position in Patria Investments in the 2nd quarter valued at $139,000. Naviter Wealth LLC purchased a new position in Patria Investments in the 3rd quarter valued at $183,000. SG Americas Securities LLC purchased a new position in Patria Investments in the 3rd quarter valued at $211,000. Finally, Allegheny Financial Group LTD increased its stake in Patria Investments by 43.6% in the 2nd quarter. Allegheny Financial Group LTD now owns 22,728 shares of the company’s stock valued at $274,000 after buying an additional 6,899 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut their price target on shares of 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 Down 2.0 %

Shares of PAX stock opened at $12.01 on Friday. The business’s fifty day moving average price is $11.73 and its 200 day moving average price is $11.99. The firm has a market capitalization of $717.84 million, a PE ratio of 28.51, a P/E/G ratio of 1.47 and a beta of 0.58. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.88 and a quick ratio of 0.88. Patria Investments Limited has a 1-year low of $10.63 and a 1-year high of $16.16.

Patria Investments (NYSE:PAX) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $78.10 million for the quarter, compared to analyst estimates of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts forecast that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, November 18th. Patria Investments’s dividend payout ratio (DPR) is 139.53%.

About Patria Investments

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.