Patria Investments Limited (NYSE:PAX) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its stake in shares of Patria Investments Limited (NYSE:PAX) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,777 shares of the company’s stock after buying an additional 25,616 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Patria Investments were worth $1,486,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Daiwa Securities Group Inc. increased its position in Patria Investments by 5.7% during the third quarter. Daiwa Securities Group Inc. now owns 22,471 shares of the company’s stock worth $328,000 after purchasing an additional 1,202 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Patria Investments by 8.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 16,754 shares of the company’s stock valued at $244,000 after buying an additional 1,314 shares during the period. Hsbc Holdings PLC boosted its holdings in Patria Investments by 3.4% in the 3rd quarter. Hsbc Holdings PLC now owns 47,271 shares of the company’s stock worth $687,000 after acquiring an additional 1,567 shares during the period. Bank of New York Mellon Corp grew its position in Patria Investments by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 156,205 shares of the company’s stock valued at $2,277,000 after acquiring an additional 5,078 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Patria Investments by 74.3% during the fourth quarter. SG Americas Securities LLC now owns 12,691 shares of the company’s stock valued at $197,000 after purchasing an additional 5,408 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Trading Up 0.8 %

Shares of PAX stock opened at $12.90 on Wednesday. Patria Investments Limited has a twelve month low of $12.48 and a twelve month high of $16.20. The company has a market capitalization of $713.50 million, a PE ratio of 16.54, a price-to-earnings-growth ratio of 0.66 and a beta of 0.64. The firm has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $14.37.

Patria Investments (NYSE:PAX) last announced its earnings results on Thursday, February 15th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.13. The business had revenue of $111.70 million for the quarter, compared to analyst estimates of $83.41 million. Patria Investments had a return on equity of 35.95% and a net margin of 36.70%. During the same period in the previous year, the company earned $0.36 earnings per share. Equities research analysts predict that Patria Investments Limited will post 1.63 EPS for the current year.

Patria Investments Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.70 annualized dividend and a yield of 5.43%. Patria Investments’s payout ratio is 205.13%.

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.