Patria Investments Limited (NYSE:PAX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Patria Investments Limited (NYSE:PAX) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,940 shares of the company’s stock after selling 2,294 shares during the period. Bank of New York Mellon Corp owned approximately 0.23% of Patria Investments worth $1,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Patria Investments during the fourth quarter worth approximately $29,000. Roxbury Financial LLC acquired a new position in shares of Patria Investments during the fourth quarter worth approximately $55,000. Public Employees Retirement System of Ohio bought a new stake in Patria Investments during the third quarter worth approximately $107,000. Dynamic Technology Lab Private Ltd bought a new stake in Patria Investments during the third quarter worth approximately $130,000. Finally, Intech Investment Management LLC bought a new stake in Patria Investments during the third quarter worth approximately $200,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Price Performance

Shares of NYSE:PAX opened at $11.71 on Friday. Patria Investments Limited has a 12 month low of $10.50 and a 12 month high of $14.90. The stock has a market cap of $699.87 million, a price-to-earnings ratio of 23.42, a PEG ratio of 1.28 and a beta of 0.58. The stock’s 50 day moving average price is $11.72 and its 200 day moving average price is $11.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Patria Investments Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 5.12%. Patria Investments’s payout ratio is 120.00%.

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.