Federated Hermes Inc. Has $1.57 Million Stock Position in Patria Investments Limited (NYSE:PAX)

Federated Hermes Inc. grew its position in shares of Patria Investments Limited (NYSE:PAX) by 42.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,000 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Federated Hermes Inc.’s holdings in Patria Investments were worth $1,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Patria Investments in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Patria Investments during the fourth quarter valued at about $41,000. Roxbury Financial LLC bought a new stake in shares of Patria Investments during the fourth quarter worth about $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Patria Investments in the 3rd quarter worth about $107,000. Finally, Quadrant Capital Group LLC lifted its position in Patria Investments by 239.5% in the 4th quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company’s stock valued at $113,000 after acquiring an additional 6,837 shares in the last quarter. Institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Performance

Shares of PAX opened at $10.04 on Tuesday. Patria Investments Limited has a 52 week low of $9.43 and a 52 week high of $14.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $11.37 and a two-hundred day moving average price of $11.62. The firm has a market capitalization of $600.06 million, a P/E ratio of 20.08, a P/E/G ratio of 1.28 and a beta of 0.56.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date was Tuesday, February 25th. Patria Investments’s payout ratio is currently 120.00%.

Patria Investments Company 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.