Patria Investments (NYSE:PAX – Get Rating) posted its quarterly earnings results on Tuesday. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.15 by $0.09, MarketWatch Earnings reports. Patria Investments had a return on equity of 32.27% and a net margin of 52.03%. During the same quarter last year, the firm posted $0.13 EPS.
PAX traded up $0.76 on Wednesday, hitting $15.09. The company had a trading volume of 10,562 shares, compared to its average volume of 249,763. The firm has a market cap of $818.60 million, a P/E ratio of 16.39 and a beta of -0.08. Patria Investments has a 1 year low of $13.90 and a 1 year high of $19.49. The company’s fifty day moving average price is $16.49 and its 200 day moving average price is $16.88.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd were issued a $0.16 dividend. This is a positive change from Patria Investments’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Tuesday, March 1st. Patria Investments’s payout ratio is 71.11%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC raised its holdings in Patria Investments by 1,850.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,852 shares of the company’s stock valued at $96,000 after buying an additional 5,552 shares during the period. Morgan Stanley raised its holdings in Patria Investments by 3,284.1% in the 3rd quarter. Morgan Stanley now owns 11,709 shares of the company’s stock valued at $191,000 after buying an additional 11,363 shares during the period. Wells Fargo & Company MN increased its stake in Patria Investments by 4,260.0% during the second quarter. Wells Fargo & Company MN now owns 21,800 shares of the company’s stock worth $384,000 after purchasing an additional 21,300 shares during the period. Stifel Financial Corp purchased a new stake in Patria Investments during the fourth quarter worth about $583,000. Finally, Renaissance Technologies LLC increased its stake in Patria Investments by 11.9% during the fourth quarter. Renaissance Technologies LLC now owns 54,500 shares of the company’s stock worth $883,000 after purchasing an additional 5,800 shares during the period.
Separately, Zacks Investment Research lowered Patria Investments from a “buy” rating to a “hold” rating in a report on Thursday, March 24th.
Patria Investments Company Profile (Get Rating)
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.
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