GSA Capital Partners LLP Raises Stake in Patria Investments Limited (NYSE:PAX)

GSA Capital Partners LLP grew its stake in shares of Patria Investments Limited (NYSE:PAX) by 28.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,083 shares of the company’s stock after purchasing an additional 12,516 shares during the quarter. GSA Capital Partners LLP owned approximately 0.09% of Patria Investments worth $626,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its stake in shares of Patria Investments by 19.1% during the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after purchasing an additional 389,331 shares during the period. Millennium Management LLC raised its holdings in shares of Patria Investments by 42.2% during the second quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after acquiring an additional 289,830 shares in the last quarter. Capital International Inc. CA raised its holdings in shares of Patria Investments by 6.2% during the first quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after acquiring an additional 55,065 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Patria Investments by 16.2% during the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after acquiring an additional 58,443 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Patria Investments by 10.3% during the second quarter. National Bank of Canada FI now owns 243,447 shares of the company’s stock valued at $2,963,000 after acquiring an additional 22,825 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

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

Patria Investments Price Performance

Shares of Patria Investments stock opened at $11.68 on Tuesday. The business has a 50 day moving average of $11.47 and a 200 day moving average of $12.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. The company has a market cap of $698.08 million, a PE ratio of 27.16, a P/E/G 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.

Patria Investments (NYSE:PAX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $78.10 million during the quarter, compared to the consensus estimate of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same quarter last year, the company posted $0.23 EPS. As a group, equities research analysts forecast that Patria Investments Limited will post 1.05 earnings per share for the current year.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, November 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.14%. Patria Investments’s dividend payout ratio is currently 139.53%.

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.