Martingale Asset Management L P Increases Position in Patria Investments Limited (NYSE:PAX)

Martingale Asset Management L P lifted its position in Patria Investments Limited (NYSE:PAX) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,891 shares of the company’s stock after acquiring an additional 6,713 shares during the period. Martingale Asset Management L P’s holdings in Patria Investments were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mendota Financial Group LLC acquired a new position in shares of Patria Investments in the third quarter valued at about $56,000. Dynamic Technology Lab Private Ltd acquired a new position in Patria Investments in the 3rd quarter worth approximately $130,000. Algert Global LLC purchased a new position in Patria Investments during the 2nd quarter worth approximately $139,000. Naviter Wealth LLC acquired a new stake in Patria Investments during the 3rd quarter valued at approximately $183,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Patria Investments in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Up 0.2 %

Shares of PAX opened at $11.98 on Tuesday. The company has a market capitalization of $716.04 million, a price-to-earnings ratio of 27.86, a PEG ratio of 1.46 and a beta of 0.57. Patria Investments Limited has a 52 week low of $10.63 and a 52 week high of $16.16. The stock’s 50-day moving average price is $11.67 and its 200-day moving average price is $12.00. 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 data on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. The company had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.55 million. During the same quarter in the prior year, the company posted $0.23 EPS. On average, sell-side analysts predict that Patria Investments Limited will post 1.05 EPS for the current year.

Patria Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be issued a $0.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.01%. Patria Investments’s payout ratio is 139.53%.

Analyst Ratings Changes

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

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.