Patria Investments (NYSE:PAX) Sees Unusually-High Trading Volume

Shares of Patria Investments Limited (NYSE:PAX) saw an uptick in trading volume on Wednesday . 932,692 shares were traded during mid-day trading, an increase of 175% from the previous session’s volume of 338,682 shares.The stock last traded at $13.21 and had previously closed at $13.07.

Patria Investments Stock Down 1.7 %

The stock has a market cap of $738.73 million, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.60. The firm has a 50 day simple moving average of $12.68 and a 200-day simple moving average of $13.80.

Patria Investments (NYSE:PAX) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.13). The company had revenue of $60.60 million for the quarter, compared to the consensus estimate of $67.02 million. Patria Investments had a return on equity of 35.95% and a net margin of 36.70%. On average, equities analysts anticipate that Patria Investments Limited will post 1.19 earnings per share for the current year.

Patria Investments Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, May 20th were paid a $0.175 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.70 annualized dividend and a yield of 5.58%. Patria Investments’s dividend payout ratio (DPR) is presently 89.74%.

Hedge Funds Weigh In On Patria Investments

Hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its position in shares of Patria Investments by 9.7% during the 1st quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock valued at $142,000 after acquiring an additional 850 shares during the period. SG Americas Securities LLC lifted its position in Patria Investments by 74.3% during the fourth quarter. SG Americas Securities LLC now owns 12,691 shares of the company’s stock worth $197,000 after purchasing an additional 5,408 shares during the period. Quadrature Capital Ltd acquired a new stake in Patria Investments during the first quarter worth about $200,000. Entropy Technologies LP acquired a new stake in Patria Investments during the first quarter worth about $219,000. Finally, Raymond James & Associates bought a new position in Patria Investments in the 4th quarter valued at about $251,000. 96.27% of the stock is owned by institutional investors.

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.