State Street Corp Buys 208,039 Shares of Patria Investments Limited (NYSE:PAX)

State Street Corp boosted its holdings in shares of Patria Investments Limited (NYSE:PAX) by 21.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,165,331 shares of the company’s stock after purchasing an additional 208,039 shares during the period. State Street Corp owned about 1.95% of Patria Investments worth $13,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PAX. Citigroup Inc. lifted its stake in shares of Patria Investments by 43.9% in the 3rd quarter. Citigroup Inc. now owns 318,580 shares of the company’s stock valued at $3,559,000 after acquiring an additional 97,210 shares during the last quarter. Quantbot Technologies LP bought a new position in Patria Investments in the 3rd quarter valued at approximately $669,000. Millennium Management LLC grew its holdings in Patria Investments by 42.2% during the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock worth $11,775,000 after acquiring an additional 289,830 shares during the last quarter. FMR LLC raised its stake in shares of Patria Investments by 8.8% during the third quarter. FMR LLC now owns 5,976,699 shares of the company’s stock valued at $66,760,000 after acquiring an additional 483,675 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Patria Investments during the third quarter worth $211,000. 96.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their target price on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd.

Patria Investments Price Performance

Shares of NYSE PAX opened at $11.51 on Thursday. The firm has a market capitalization of $687.92 million, a P/E ratio of 26.77, a P/E/G ratio of 1.74 and a beta of 0.58. The firm’s 50-day moving average price is $11.99 and its 200-day moving average price is $11.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. 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 (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The business had revenue of $78.10 million during the quarter, compared to analyst estimates of $76.55 million. During the same period in the previous year, the business posted $0.23 EPS. Equities research analysts anticipate that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.21%. Patria Investments’s dividend payout ratio is presently 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.