Pictet Asset Management Holding SA Acquires Shares of 10,478 Patria Investments Limited (NYSE:PAX)

Pictet Asset Management Holding SA purchased a new stake in Patria Investments Limited (NYSE:PAX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,478 shares of the company’s stock, valued at approximately $122,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new position in Patria Investments during the 4th quarter worth $29,000. SBI Securities Co. Ltd. acquired a new position in Patria Investments in the fourth quarter valued at about $41,000. Roxbury Financial LLC bought a new stake in Patria Investments during the fourth quarter worth about $55,000. Public Employees Retirement System of Ohio acquired a new stake in Patria Investments during the third quarter worth about $107,000. Finally, Victory Capital Management Inc. bought a new position in Patria Investments in the 4th quarter valued at about $200,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Stock Performance

NYSE PAX opened at $9.94 on Friday. The firm’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $11.63. The firm has a market capitalization of $594.08 million, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.28 and a beta of 0.56. 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 1 year low of $9.43 and a 1 year high of $14.26.

Patria Investments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend was Tuesday, February 25th. Patria Investments’s dividend payout ratio is presently 120.00%.

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.