Patria Investments (NYSE:PAX) Sees Large Volume Increase

Shares of Patria Investments Limited (NYSE:PAX) saw an uptick in trading volume on Friday . 669,677 shares traded hands during trading, an increase of 65% from the previous session’s volume of 404,880 shares.The stock last traded at $11.10 and had previously closed at $10.89.

Patria Investments Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day moving average of $11.97 and a 200 day moving average of $12.99. The firm has a market capitalization of $662.25 million, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58.

Patria Investments (NYSE:PAX) last released its earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. The business had revenue of $75.00 million during the quarter, compared to the consensus estimate of $69.99 million. During the same period last year, the business posted $0.30 earnings per share. On average, research analysts anticipate that Patria Investments Limited will post 1.2 EPS for the current fiscal year.

Patria Investments Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Monday, August 19th. Patria Investments’s dividend payout ratio is currently 76.92%.

Institutional Trading of Patria Investments

A number of large investors have recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Patria Investments by 19.1% in the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after purchasing an additional 389,331 shares in the last quarter. Millennium Management LLC grew its position in shares of Patria Investments by 42.2% in the second quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after purchasing an additional 289,830 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Patria Investments by 16.2% in the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after purchasing an additional 58,443 shares in the last quarter. Capital International Inc. CA grew its position in shares of Patria Investments by 6.2% in the first quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after purchasing an additional 55,065 shares in the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Patria Investments in the second quarter valued at $462,000. 96.27% of the stock is owned by hedge funds and other institutional investors.

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.