Patria Investments Limited (NYSE:PAX) Announces Quarterly Dividend of $0.15

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Wednesday, October 30th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.15 per share on Monday, December 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Monday, November 18th.

Patria Investments has a dividend payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Patria Investments to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 39.7%.

Patria Investments Trading Down 2.4 %

Patria Investments stock opened at $11.92 on Friday. Patria Investments has a 52 week low of $10.63 and a 52 week high of $16.16. The stock has a 50-day moving average price of $11.46 and a 200 day moving average price of $12.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $712.46 million, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.50 and a beta of 0.57.

Patria Investments (NYSE:PAX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The business had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.55 million. During the same period last year, the company earned $0.23 earnings per share. Sell-side analysts anticipate that Patria Investments will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group reduced their price target on Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd.

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.