Voya Investment Management LLC Sells 1,793 Shares of Patria Investments Limited (NYSE:PAX)

Voya Investment Management LLC decreased its position in Patria Investments Limited (NYSE:PAX) by 9.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,460 shares of the company’s stock after selling 1,793 shares during the period. Voya Investment Management LLC’s holdings in Patria Investments were worth $191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC grew its stake in Patria Investments by 314.0% in the 3rd quarter. Barclays PLC now owns 78,977 shares of the company’s stock valued at $883,000 after purchasing an additional 59,900 shares during the period. JPMorgan Chase & Co. increased its holdings in Patria Investments by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock worth $4,941,000 after buying an additional 113,935 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Patria Investments in the fourth quarter worth about $391,000. SG Americas Securities LLC raised its position in Patria Investments by 36.7% in the fourth quarter. SG Americas Securities LLC now owns 25,833 shares of the company’s stock worth $300,000 after acquiring an additional 6,936 shares during the period. Finally, R Squared Ltd purchased a new position in Patria Investments in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Trading Up 2.3%

Shares of PAX stock opened at $12.52 on Wednesday. The company has a 50 day moving average of $10.86 and a 200-day moving average of $11.54. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $13.42. The firm has a market cap of $748.28 million, a P/E ratio of 25.04, a PEG ratio of 1.28 and a beta of 0.57. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, May 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.79%. Patria Investments’s dividend payout ratio is presently 122.45%.

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.