Patria Investments (NYSE:PAX) Sets New 1-Year High – Here’s Why

Shares of Patria Investments Limited (NYSE:PAX) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.72 and last traded at $13.67, with a volume of 358700 shares changing hands. The stock had previously closed at $13.47.

Patria Investments Price Performance

The firm has a market capitalization of $838.67 million, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 1.28 and a beta of 0.67. The business has a fifty day moving average of $11.62 and a two-hundred day moving average of $11.69. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Wednesday, May 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend was Wednesday, May 14th. Patria Investments’s payout ratio is currently 122.45%.

Institutional Trading of Patria Investments

Large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Patria Investments in the fourth quarter worth approximately $41,000. GAMMA Investing LLC lifted its holdings in Patria Investments by 888.9% during the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock worth $43,000 after acquiring an additional 3,440 shares during the period. Roxbury Financial LLC bought a new position in shares of Patria Investments during the 4th quarter valued at approximately $55,000. CWM LLC increased its holdings in Patria Investments by 85.1% in the 1st quarter. CWM LLC now owns 5,099 shares of the company’s stock worth $58,000 after acquiring an additional 2,345 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Patria Investments in the 4th quarter valued at approximately $81,000. 96.27% of the stock is owned by institutional investors and hedge funds.

About Patria Investments

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.