Patria Investments Limited (NYSE:PAX) Declares $0.15 Quarterly Dividend

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Wednesday, October 30th,Wall Street Journal reports. Investors of record on Monday, November 18th will be paid a dividend of 0.15 per share on Monday, December 9th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Monday, November 18th.

Patria Investments has a dividend payout ratio of 43.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Patria Investments to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 39.7%.

Patria Investments Stock Down 2.4 %

Shares of NYSE:PAX opened at $11.92 on Friday. The firm’s 50-day moving average is $11.46 and its two-hundred day moving average is $12.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.88 and a quick ratio of 0.88. Patria Investments has a 1 year low of $10.63 and a 1 year high of $16.16. The firm has a market capitalization of $712.46 million, a PE ratio of 10.55, a price-to-earnings-growth ratio of 1.46 and a beta of 0.57.

Patria Investments (NYSE:PAX) last released its earnings results 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 business had revenue of $78.10 million for the quarter, compared to analyst estimates 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 earned $0.23 earnings per share. Analysts predict that Patria Investments will post 1.05 EPS for the current year.

Analyst Ratings Changes

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 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.