Patria Investments Limited (PAX) to Issue Quarterly Dividend of $0.15 on December 9th

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 given a dividend of 0.15 per share on Monday, December 9th. This represents a $0.60 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Monday, November 18th.

Patria Investments has a 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 Stock Performance

Patria Investments stock opened at $11.92 on Friday. The company has a market cap of $712.46 million, a PE ratio of 27.72, a price-to-earnings-growth ratio of 1.50 and a beta of 0.57. Patria Investments has a twelve month low of $10.63 and a twelve month high of $16.16. The company’s 50-day moving average price is $11.46 and its 200-day moving average price is $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.

Patria Investments (NYSE:PAX) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $78.10 million for the quarter, compared to analyst estimates of $76.55 million. Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. During the same quarter in the prior year, the business posted $0.23 EPS. On average, equities research analysts forecast that Patria Investments will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered their price target on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research note 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.