National Bank of Canada FI Has $2.58 Million Holdings in Patria Investments Limited (NYSE:PAX)

National Bank of Canada FI decreased its position in shares of Patria Investments Limited (NYSE:PAX) by 5.1% in the 3rd quarter, Holdings Channel reports. The firm owned 230,925 shares of the company’s stock after selling 12,522 shares during the quarter. National Bank of Canada FI’s holdings in Patria Investments were worth $2,579,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Patria Investments by 16.2% during the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock worth $6,230,000 after buying an additional 58,443 shares during the last quarter. Coronation Fund Managers Ltd. raised its position in shares of Patria Investments by 1.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company’s stock worth $1,133,000 after acquiring an additional 1,228 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Patria Investments by 13.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 181,777 shares of the company’s stock valued at $2,192,000 after purchasing an additional 21,282 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Patria Investments by 24.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company’s stock valued at $276,000 after purchasing an additional 4,551 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Patria Investments by 10.1% during the second quarter. Rhumbline Advisers now owns 77,732 shares of the company’s stock worth $937,000 after purchasing an additional 7,158 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Stock Down 1.5 %

Shares of NYSE PAX opened at $12.55 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. The firm has a market cap of $750.11 million, a PE ratio of 29.19, a P/E/G ratio of 1.58 and a beta of 0.58. The company’s fifty day simple moving average is $11.90 and its 200 day simple moving average is $11.97. Patria Investments Limited has a 12-month low of $10.63 and a 12-month high of $16.16.

Patria Investments (NYSE:PAX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $76.55 million. During the same period last year, the company earned $0.23 EPS. As a group, sell-side analysts forecast that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, November 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 4.78%. Patria Investments’s dividend payout ratio is 139.53%.

Analyst Upgrades and Downgrades

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

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.