New York State Common Retirement Fund Sells 65,000 Shares of Patria Investments Limited $PAX

New York State Common Retirement Fund decreased its position in shares of Patria Investments Limited (NYSE:PAX) by 81.9% in the 3rd quarter, Holdings Channel reports. The firm owned 14,368 shares of the company’s stock after selling 65,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Patria Investments were worth $210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PAX. Ameritas Investment Partners Inc. boosted its stake in shares of Patria Investments by 14.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company’s stock valued at $86,000 after purchasing an additional 775 shares during the last quarter. CWM LLC grew its holdings in Patria Investments by 12.3% during the 3rd quarter. CWM LLC now owns 8,439 shares of the company’s stock worth $123,000 after acquiring an additional 923 shares during the period. Brookwood Investment Group LLC raised its position in shares of Patria Investments by 5.2% in the 3rd quarter. Brookwood Investment Group LLC now owns 25,916 shares of the company’s stock worth $378,000 after acquiring an additional 1,285 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Patria Investments by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock worth $311,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Dodge & Cox lifted its stake in shares of Patria Investments by 7.1% in the 2nd quarter. Dodge & Cox now owns 21,200 shares of the company’s stock valued at $298,000 after purchasing an additional 1,400 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Stock Performance

Shares of Patria Investments stock opened at $14.16 on Thursday. The business has a 50-day simple moving average of $15.95 and a 200 day simple moving average of $14.89. Patria Investments Limited has a one year low of $9.43 and a one year high of $17.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $941.97 million, a price-to-earnings ratio of 28.32, a PEG ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Patria Investments’s payout ratio is currently 113.21%.

Analyst Ratings Changes

Several research firms recently commented on PAX. Zacks Research raised Patria Investments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their price target on Patria Investments from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus target price of $20.00.

Patria Investments Profile

Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.