MQS Management LLC Raises Stock Holdings in Patria Investments Limited (NYSE:PAX)

MQS Management LLC increased its stake in shares of Patria Investments Limited (NYSE:PAX) by 32.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,977 shares of the company’s stock after purchasing an additional 6,190 shares during the quarter. MQS Management LLC’s holdings in Patria Investments were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PAX. AdvisorNet Financial Inc grew its holdings in shares of Patria Investments by 9.7% during the first quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock worth $142,000 after buying an additional 850 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Patria Investments in the 1st quarter worth approximately $200,000. Entropy Technologies LP acquired a new position in Patria Investments in the 1st quarter valued at $219,000. Allegheny Financial Group LTD lifted its stake in shares of Patria Investments by 43.6% during the 2nd quarter. Allegheny Financial Group LTD now owns 22,728 shares of the company’s stock worth $274,000 after purchasing an additional 6,899 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Patria Investments by 24.9% during the second quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company’s stock worth $276,000 after purchasing an additional 4,551 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Stock Performance

Patria Investments stock opened at $11.28 on Friday. The stock has a fifty day moving average price of $11.81 and a 200 day moving average price of $12.84. Patria Investments Limited has a 52 week low of $10.63 and a 52 week high of $16.16. The firm has a market capitalization of $674.21 million, a P/E ratio of 14.46, a PEG ratio of 1.16 and a beta of 0.58. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15.

Patria Investments (NYSE:PAX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The company had revenue of $75.00 million during the quarter, compared to the consensus estimate of $69.99 million. During the same quarter in the prior year, the company posted $0.30 EPS. Equities research analysts anticipate that Patria Investments Limited will post 1.2 earnings per share for the current 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 issued a $0.15 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.32%. Patria Investments’s dividend payout ratio (DPR) is presently 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.