MQS Management LLC Sells 4,903 Shares of Patria Investments Limited (NYSE:PAX)

MQS Management LLC cut its holdings in shares of Patria Investments Limited (NYSE:PAX) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,074 shares of the company’s stock after selling 4,903 shares during the quarter. MQS Management LLC’s holdings in Patria Investments were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Century Companies Inc. raised its holdings in 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 acquiring an additional 389,331 shares during the period. Millennium Management LLC raised its holdings in 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 during the period. Capital International Inc. CA raised its holdings in 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 during the period. Vanguard Group Inc. raised its holdings in 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 during the period. Finally, National Bank of Canada FI raised its holdings in 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 during the period. 96.27% of the stock is owned by institutional investors.

Patria Investments Trading Down 2.4 %

Shares of PAX stock opened at $11.92 on Friday. Patria Investments Limited has a 12-month low of $10.63 and a 12-month high of $16.16. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.31. The stock’s 50-day moving average price is $11.46 and its 200-day moving average price is $12.07. The stock has a market capitalization of $712.46 million, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.50 and a beta of 0.57.

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

Patria Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.60 annualized dividend and a yield of 5.03%. Patria Investments’s payout ratio is currently 139.53%.

Wall Street Analyst Weigh In

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

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.