Barclays PLC Raises Holdings in Patria Investments Limited (NYSE:PAX)

Barclays PLC boosted its stake in Patria Investments Limited (NYSE:PAX) by 314.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,977 shares of the company’s stock after buying an additional 59,900 shares during the quarter. Barclays PLC owned approximately 0.13% of Patria Investments worth $883,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PAX. FMR LLC lifted its position in shares of Patria Investments by 8.8% in 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 in the last quarter. American Century Companies Inc. boosted its stake in shares of Patria Investments by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock worth $29,244,000 after purchasing an additional 389,331 shares during the last quarter. State Street Corp boosted its stake in shares of Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company’s stock worth $13,017,000 after purchasing an additional 208,039 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Patria Investments by 42.2% during the second quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock worth $11,775,000 after buying an additional 289,830 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Patria Investments by 0.8% in the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock valued at $7,601,000 after buying an additional 5,187 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group decreased their target price on shares of 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 Trading Up 0.4 %

Shares of PAX stock opened at $11.25 on Wednesday. Patria Investments Limited has a 1-year low of $10.63 and a 1-year high of $16.16. The firm’s 50-day simple moving average is $11.96 and its 200-day simple moving average is $11.81. The firm has a market cap of $672.38 million, a P/E ratio of 26.16, a PEG ratio of 1.74 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 (NYSE:PAX) last announced 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 during the quarter, compared to analyst estimates of $76.55 million. Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. During the same quarter last year, the business earned $0.23 EPS. As a group, equities analysts forecast 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. Shareholders of record on Monday, November 18th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.33%. Patria Investments’s dividend payout ratio is presently 139.53%.

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.