Wellington Management Group LLP Trims Position in Patria Investments Limited (NYSE:PAX)

Wellington Management Group LLP lessened its holdings in shares of Patria Investments Limited (NYSE:PAX) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,610,925 shares of the company’s stock after selling 2,150 shares during the quarter. Wellington Management Group LLP owned approximately 2.70% of Patria Investments worth $17,994,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PAX. State Street Corp increased its holdings in shares of Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company’s stock worth $13,017,000 after buying an additional 208,039 shares during the last quarter. Phase 2 Partners LLC increased its holdings in shares of Patria Investments by 57.7% during the 3rd quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock worth $6,050,000 after buying an additional 198,225 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Patria Investments by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 85,278 shares of the company’s stock worth $953,000 after buying an additional 5,599 shares during the last quarter. Centiva Capital LP increased its holdings in shares of Patria Investments by 25.7% during the 3rd quarter. Centiva Capital LP now owns 44,974 shares of the company’s stock worth $502,000 after buying an additional 9,186 shares during the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of Patria Investments by 9.8% during the 3rd quarter. Martingale Asset Management L P now owns 74,891 shares of the company’s stock worth $837,000 after buying an additional 6,713 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Patria Investments Stock Down 1.5 %

Shares of NYSE PAX opened at $12.55 on Friday. Patria Investments Limited has a 12-month low of $10.63 and a 12-month high of $16.16. The company has a market cap of $750.11 million, a P/E ratio of 29.19, a P/E/G ratio of 1.58 and a beta of 0.58. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $11.90 and a 200 day moving average price of $11.97.

Patria Investments (NYSE:PAX) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (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 company had revenue of $78.10 million during the quarter, compared to analyst estimates of $76.55 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. Research analysts anticipate that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 4.78%. Patria Investments’s dividend payout ratio is currently 139.53%.

Patria Investments 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.