American Century Companies Inc. Purchases 389,331 Shares of Patria Investments Limited (NYSE:PAX)

American Century Companies Inc. raised its position in Patria Investments Limited (NYSE:PAX) by 19.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,424,862 shares of the company’s stock after purchasing an additional 389,331 shares during the period. American Century Companies Inc. owned approximately 4.12% of Patria Investments worth $29,244,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Capital International Inc. CA lifted its holdings in shares of Patria Investments by 6.2% during the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after purchasing an additional 55,065 shares in the last quarter. Vanguard Group Inc. lifted its stake in Patria Investments by 16.2% in the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after buying an additional 58,443 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Patria Investments by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company’s stock valued at $1,912,000 after buying an additional 2,405 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Patria Investments by 39.6% during the first quarter. Los Angeles Capital Management LLC now owns 133,742 shares of the company’s stock worth $1,985,000 after acquiring an additional 37,965 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Patria Investments during the first quarter worth $219,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Stock Performance

Shares of Patria Investments stock opened at $11.25 on Thursday. The firm has a market cap of $662.21 million, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.13 and a beta of 0.59. The stock’s 50-day moving average is $11.86 and its 200-day moving average is $12.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. Patria Investments Limited has a one year low of $10.63 and a one year high of $16.16.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $69.99 million. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. During the same period in the previous year, the business earned $0.30 EPS. Equities analysts predict that Patria Investments Limited will post 1.2 earnings per share for the current fiscal year.

Patria Investments Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were paid a $0.15 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 5.33%. Patria Investments’s dividend payout ratio is 76.92%.

Patria Investments Company 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.