Jane Street Group LLC Sells 5,338 Shares of Patria Investments Limited (NYSE:PAX)

Jane Street Group LLC trimmed its position in Patria Investments Limited (NYSE:PAX) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,819 shares of the company’s stock after selling 5,338 shares during the period. Jane Street Group LLC owned 0.30% of Patria Investments worth $2,020,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mendota Financial Group LLC bought a new stake in Patria Investments during the third quarter valued at approximately $56,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Patria Investments during the 3rd quarter valued at $130,000. Algert Global LLC bought a new stake in Patria Investments in the second quarter worth $139,000. Naviter Wealth LLC purchased a new stake in Patria Investments during the third quarter valued at about $183,000. Finally, Intech Investment Management LLC purchased a new position in shares of Patria Investments in the third quarter worth about $200,000. Institutional investors own 96.27% of the company’s stock.

Patria Investments Trading Up 0.9 %

PAX opened at $11.51 on Wednesday. The firm has a market capitalization of $687.92 million, a price-to-earnings ratio of 26.77, a PEG ratio of 1.74 and a beta of 0.58. Patria Investments Limited has a one year low of $10.63 and a one year high of $16.16. The business has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $11.91. 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 (NYSE:PAX) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) 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 analysts’ expectations of $76.55 million. Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. During the same period in the previous year, the firm posted $0.23 earnings per share. Analysts predict that Patria Investments Limited will post 1.05 EPS for the current year.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were paid a $0.15 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.21%. Patria Investments’s payout ratio is 139.53%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their price target on Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd.

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.