Patria Investments Limited (NYSE:PAX – Get Rating) announced a quarterly dividend on Wednesday, May 11th, Wall Street Journal reports. Shareholders of record on Thursday, June 2nd will be paid a dividend of 0.202 per share on Thursday, June 16th. This represents a $0.81 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Wednesday, June 1st. This is a boost from Patria Investments’s previous quarterly dividend of $0.16.
Shares of NYSE PAX opened at $15.00 on Thursday. Patria Investments has a 1-year low of $13.90 and a 1-year high of $19.49. The business’s fifty day moving average price is $16.46 and its two-hundred day moving average price is $16.87. The firm has a market capitalization of $813.72 million, a PE ratio of 16.67 and a beta of -0.08.
Patria Investments (NYSE:PAX – Get Rating) last issued its earnings results on Tuesday, May 10th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. Patria Investments had a return on equity of 32.27% and a net margin of 52.03%. During the same period last year, the firm earned $0.13 EPS. On average, equities research analysts predict that Patria Investments will post 0.9 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in PAX. Cubist Systematic Strategies LLC boosted its position in Patria Investments by 1,850.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 5,852 shares of the company’s stock worth $96,000 after acquiring an additional 5,552 shares during the period. Morgan Stanley raised its stake in shares of Patria Investments by 3,284.1% during the 3rd quarter. Morgan Stanley now owns 11,709 shares of the company’s stock worth $191,000 after purchasing an additional 11,363 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Patria Investments by 4,260.0% during the 2nd 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 in the last quarter. Stifel Financial Corp purchased a new stake in shares of Patria Investments during the 4th quarter worth about $583,000. Finally, Renaissance Technologies LLC raised its stake in shares of Patria Investments by 11.9% in the 4th quarter. Renaissance Technologies LLC now owns 54,500 shares of the company’s stock valued at $883,000 after acquiring an additional 5,800 shares in the last quarter.
Separately, Zacks Investment Research cut Patria Investments from a “buy” rating to a “hold” rating in a research note 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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