Patria Investments (NYSE:PAX) Hits New 1-Year Low – Should You Sell?

Shares of Patria Investments Limited (NYSE:PAX) reached a new 52-week low on Tuesday . The company traded as low as $10.56 and last traded at $10.56, with a volume of 202658 shares. The stock had previously closed at $11.04.

Patria Investments Trading Down 1.6 %

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 business has a fifty day simple moving average of $11.77 and a 200 day simple moving average of $11.71. The stock has a market capitalization of $649.07 million, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 25th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.60 annualized dividend and a dividend yield of 5.52%. Patria Investments’s dividend payout ratio is currently 120.00%.

Institutional Trading of Patria Investments

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its stake in shares of Patria Investments by 8.8% in the third quarter. FMR LLC now owns 5,976,699 shares of the company’s stock valued at $66,760,000 after buying an additional 483,675 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Patria Investments by 40.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,317,635 shares of the company’s stock valued at $15,324,000 after buying an additional 382,178 shares during the period. Pertento Partners LLP increased its stake in shares of Patria Investments by 8.9% in the fourth quarter. Pertento Partners LLP now owns 3,308,626 shares of the company’s stock valued at $38,479,000 after buying an additional 270,075 shares during the period. State Street Corp grew its stake in Patria Investments by 21.7% during the third quarter. State Street Corp now owns 1,165,331 shares of the company’s stock worth $13,017,000 after purchasing an additional 208,039 shares during the period. Finally, Phase 2 Partners LLC grew its stake in Patria Investments by 57.7% during the third quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock worth $6,050,000 after purchasing an additional 198,225 shares during the period. 96.27% of the stock is currently owned by institutional investors.

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.