Y Intercept Hong Kong Ltd Reduces Stock Position in Patria Investments Limited (NYSE:PAX)

Y Intercept Hong Kong Ltd decreased its stake in shares of Patria Investments Limited (NYSE:PAX) by 61.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,957 shares of the company’s stock after selling 74,332 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Patria Investments were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Coronation Fund Managers Ltd. increased its stake in shares of Patria Investments by 1.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company’s stock worth $1,133,000 after acquiring an additional 1,228 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Patria Investments by 24.9% during the second quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company’s stock worth $276,000 after purchasing an additional 4,551 shares during the last quarter. Mendota Financial Group LLC purchased a new position in Patria Investments during the third quarter worth about $56,000. Janus Henderson Group PLC boosted its holdings in Patria Investments by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 85,278 shares of the company’s stock valued at $953,000 after purchasing an additional 5,599 shares during the last quarter. Finally, MQS Management LLC grew its stake in shares of Patria Investments by 32.9% in the 2nd quarter. MQS Management LLC now owns 24,977 shares of the company’s stock valued at $301,000 after buying an additional 6,190 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Stock Performance

NYSE PAX opened at $12.55 on Monday. The stock has a fifty day simple moving average of $11.90 and a 200-day simple moving average of $11.96. 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 market cap of $750.11 million, a PE ratio of 11.11, a P/E/G ratio of 1.74 and a beta of 0.58. Patria Investments Limited has a twelve month low of $10.63 and a twelve month high of $16.16.

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

Patria Investments Dividend Announcement

The business also recently announced 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 (DPR) is presently 139.53%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price objective on Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a 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.