Patria Investments (NYSE:PAX) Hits New 1-Year Low at $12.48

Patria Investments Limited (NYSE:PAX)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $12.48 and last traded at $12.53, with a volume of 161241 shares changing hands. The stock had previously closed at $13.39.

Patria Investments Trading Down 4.9 %

The company has a market capitalization of $704.65 million, a price-to-earnings ratio of 15.73, a P/E/G ratio of 0.69 and a beta of 0.64. The firm has a 50-day simple moving average of $14.42 and a two-hundred day simple moving average of $14.40.

Patria Investments (NYSE:PAX) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.13. Patria Investments had a return on equity of 38.20% and a net margin of 36.81%. The company had revenue of $111.70 million during the quarter, compared to analysts’ expectations of $83.41 million. During the same period last year, the business earned $0.36 earnings per share. Equities research analysts anticipate that Patria Investments Limited will post 1.63 EPS for the current year.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 22nd were issued a dividend of $0.399 per share. This represents a $1.60 dividend on an annualized basis and a yield of 12.53%. The ex-dividend date was Wednesday, February 21st. Patria Investments’s dividend payout ratio (DPR) is presently 197.53%.

Institutional Investors Weigh In On Patria Investments

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Patria Investments in the 3rd quarter worth $106,000. Bank of New York Mellon Corp raised its position in shares of Patria Investments by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 156,205 shares of the company’s stock worth $2,277,000 after purchasing an additional 5,078 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Patria Investments by 5.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,471 shares of the company’s stock valued at $328,000 after buying an additional 1,202 shares in the last quarter. M&T Bank Corp purchased a new position in Patria Investments in the 3rd quarter valued at about $1,517,000. Finally, Victory Capital Management Inc. acquired a new stake in Patria Investments in the 3rd quarter worth about $183,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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.