Patria Investments (NYSE:PAX) Sees Large Volume Increase – What’s Next?

Patria Investments Limited (NYSE:PAX) saw strong trading volume on Friday . 1,122,793 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 465,441 shares.The stock last traded at $11.96 and had previously closed at $12.15.

Wall Street Analyst Weigh In

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

Patria Investments Stock Down 1.6 %

The company has a market capitalization of $714.85 million, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.49 and a beta of 0.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s 50-day simple moving average is $11.64 and its two-hundred day simple moving average is $12.02.

Patria Investments (NYSE:PAX) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $76.55 million. During the same period last year, the firm earned $0.23 EPS. Sell-side analysts predict that Patria Investments Limited will post 1.05 EPS for the current fiscal year.

Patria Investments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders 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 yield of 5.02%. Patria Investments’s dividend payout ratio (DPR) is currently 139.53%.

Institutional Trading of Patria Investments

Several hedge funds and other institutional investors have recently bought and sold shares of PAX. FMR LLC grew its stake in shares of Patria Investments by 8.8% during the third quarter. FMR LLC now owns 5,976,699 shares of the company’s stock valued at $66,760,000 after purchasing an additional 483,675 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Patria Investments by 19.1% in the second quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock valued at $29,244,000 after buying an additional 389,331 shares during the last quarter. Millennium Management LLC boosted its stake in Patria Investments by 42.2% in the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock valued at $11,775,000 after purchasing an additional 289,830 shares during the period. State Street Corp raised its holdings in Patria Investments by 21.7% in the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company’s stock valued at $13,017,000 after acquiring an additional 208,039 shares in the last quarter. Finally, Phase 2 Partners LLC raised its holdings in Patria Investments by 57.7% in the 3rd quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock valued at $6,050,000 after acquiring an additional 198,225 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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.