Abel Hall LLC Purchases Shares of 39,041 Patria Investments Limited $PAX

Abel Hall LLC purchased a new stake in shares of Patria Investments Limited (NYSE:PAX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,041 shares of the company’s stock, valued at approximately $549,000. Abel Hall LLC owned 0.06% of Patria Investments as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PAX. GAMMA Investing LLC raised 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 valued at $43,000 after acquiring an additional 3,440 shares during the period. CWM LLC raised its holdings in Patria Investments by 85.1% during the first quarter. CWM LLC now owns 5,099 shares of the company’s stock valued at $58,000 after acquiring an additional 2,345 shares during the period. AdvisorNet Financial Inc raised its holdings in Patria Investments by 23.3% during the second quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company’s stock valued at $125,000 after acquiring an additional 1,685 shares during the period. Tokio Marine Asset Management Co. Ltd. bought a new stake in Patria Investments during the first quarter valued at about $140,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Patria Investments during the first quarter valued at about $153,000. 96.27% of the stock is owned by institutional investors.

Patria Investments Trading Down 1.6%

Shares of PAX stock opened at $14.02 on Wednesday. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $15.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $14.04 and its 200-day moving average price is $12.94. The stock has a market capitalization of $932.64 million, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70.

Patria Investments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, August 15th. Patria Investments’s payout ratio is 107.14%.

Analysts Set New Price Targets

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

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.