Barclays PLC Acquires 59,900 Shares of Patria Investments Limited (NYSE:PAX)

Barclays PLC raised its holdings in shares of Patria Investments Limited (NYSE:PAX) by 314.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,977 shares of the company’s stock after acquiring an additional 59,900 shares during the period. Barclays PLC owned about 0.13% of Patria Investments worth $883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PAX. Mendota Financial Group LLC bought a new position in Patria Investments during the third quarter valued at approximately $56,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Patria Investments during the third quarter valued at approximately $107,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Patria Investments during the third quarter valued at approximately $130,000. Algert Global LLC purchased a new stake in shares of Patria Investments during the second quarter valued at approximately $139,000. Finally, Naviter Wealth LLC purchased a new stake in shares of Patria Investments during the third quarter valued at approximately $183,000. 96.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group dropped their price objective on 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 Stock Performance

NYSE:PAX opened at $11.49 on Tuesday. The firm has a market cap of $686.72 million, a PE ratio of 26.72, a price-to-earnings-growth ratio of 1.74 and a beta of 0.58. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average price of $12.00 and a 200-day moving average price of $11.88.

Patria Investments (NYSE:PAX) last released its quarterly earnings data 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). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The company had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $76.55 million. During the same period last year, the company posted $0.23 EPS. Equities research analysts predict that Patria Investments Limited will post 1.05 earnings per share for the current year.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Monday, November 18th. Patria Investments’s payout ratio is 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.