Patria Investments Limited (NYSE:PAX) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Patria Investments Limited (NYSE:PAX) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,447 shares of the company’s stock after purchasing an additional 5,187 shares during the period. Geode Capital Management LLC owned approximately 1.14% of Patria Investments worth $7,601,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FMR LLC grew its holdings in Patria Investments by 8.8% during the third quarter. FMR LLC now owns 5,976,699 shares of the company’s stock worth $66,760,000 after acquiring an additional 483,675 shares during the period. American Century Companies Inc. grew 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 period. State Street Corp increased its holdings in shares of Patria Investments by 21.7% in the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company’s stock valued at $13,017,000 after purchasing an additional 208,039 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Patria Investments by 42.2% in the second quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after purchasing an additional 289,830 shares during the period. Finally, Phase 2 Partners LLC boosted its holdings in Patria Investments by 57.7% during the third quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock worth $6,050,000 after buying an additional 198,225 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group dropped their target price on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd.

Patria Investments Trading Down 1.7 %

Shares of PAX stock opened at $11.43 on Friday. The stock has a market cap of $683.14 million, a P/E ratio of 26.58, a P/E/G ratio of 1.74 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16. The business has a fifty day simple moving average of $12.02 and a 200-day simple moving average of $11.86.

Patria Investments (NYSE:PAX) last posted its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The business had revenue of $78.10 million for the quarter, compared to analysts’ expectations of $76.55 million. During the same quarter last year, the business posted $0.23 earnings per share. On average, analysts forecast that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Dividend Announcement

The business also recently announced 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 5.25%. The ex-dividend date was Monday, November 18th. Patria Investments’s payout ratio is currently 139.53%.

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.