Aurora Investment Counsel Decreases Stock Holdings in Patria Investments Limited $PAX

Aurora Investment Counsel lessened its stake in Patria Investments Limited (NYSE:PAX) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,798 shares of the company’s stock after selling 1,361 shares during the period. Aurora Investment Counsel’s holdings in Patria Investments were worth $1,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Patria Investments in the 1st quarter valued at about $13,503,000. Adage Capital Partners GP L.L.C. lifted its position in Patria Investments by 9.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 1,625,000 shares of the company’s stock valued at $18,346,000 after acquiring an additional 141,842 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Patria Investments in the second quarter valued at approximately $1,968,000. Denali Advisors LLC acquired a new stake in Patria Investments in the first quarter valued at approximately $1,019,000. Finally, Inspire Investing LLC acquired a new stake in shares of Patria Investments in the 2nd quarter worth $865,000. 96.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Patria Investments has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Patria Investments Trading Up 1.7%

Shares of NYSE:PAX opened at $14.73 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 52-week low of $9.43 and a 52-week high of $15.54. The stock has a market cap of $979.87 million, a price-to-earnings ratio of 29.46, a PEG ratio of 1.28 and a beta of 0.70. The business has a 50-day moving average price of $14.14 and a 200-day moving average price of $13.13.

Patria Investments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, August 15th. Patria Investments’s payout ratio is presently 107.14%.

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.