Wellington Management Group LLP Lowers Stock Holdings in Patria Investments Limited (NYSE:PAX)

Wellington Management Group LLP decreased its position in shares of Patria Investments Limited (NYSE:PAX) by 40.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 959,490 shares of the company’s stock after selling 651,435 shares during the period. Wellington Management Group LLP owned approximately 1.61% of Patria Investments worth $11,159,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PAX. Janus Henderson Group PLC raised its position in Patria Investments by 7.0% during the third quarter. Janus Henderson Group PLC now owns 85,278 shares of the company’s stock valued at $953,000 after purchasing an additional 5,599 shares in the last quarter. State Street Corp raised its position in Patria Investments by 21.7% during the third 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. Public Employees Retirement System of Ohio purchased a new position in shares of Patria Investments in the third quarter worth about $107,000. Barclays PLC increased its holdings in shares of Patria Investments by 314.0% in the third quarter. Barclays PLC now owns 78,977 shares of the company’s stock worth $883,000 after buying an additional 59,900 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Patria Investments by 0.8% in the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock worth $7,601,000 after buying an additional 5,187 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 8.0 %

PAX opened at $10.45 on Thursday. The company has a market cap of $624.57 million, a P/E ratio of 20.90, a P/E/G ratio of 1.28 and a beta of 0.56. The business’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.65. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 12 month low of $9.43 and a 12 month high of $14.63.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 annualized dividend and a dividend yield of 5.74%. Patria Investments’s dividend payout ratio is currently 120.00%.

Patria Investments 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.