Victory Capital Management Inc. Takes $200,000 Position in Patria Investments Limited (NYSE:PAX)

Victory Capital Management Inc. acquired a new stake in Patria Investments Limited (NYSE:PAX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,173 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds have also modified their holdings of the company. FMR LLC increased its holdings in shares of Patria Investments by 8.8% in 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 period. State Street Corp grew its holdings in Patria Investments by 21.7% during the third quarter. State Street Corp now owns 1,165,331 shares of the company’s stock worth $13,017,000 after acquiring an additional 208,039 shares during the period. Geode Capital Management LLC grew its holdings in Patria Investments by 0.8% during the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock worth $7,601,000 after acquiring an additional 5,187 shares during the period. Phase 2 Partners LLC grew its holdings in Patria Investments by 57.7% during the third quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock worth $6,050,000 after acquiring an additional 198,225 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Patria Investments by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock worth $4,941,000 after acquiring an additional 113,935 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

Patria Investments Stock Down 1.1 %

Patria Investments stock opened at $11.71 on Monday. The firm has a market cap of $699.87 million, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58. Patria Investments Limited has a 52 week low of $10.50 and a 52 week high of $14.90. The business’s 50-day moving average price is $11.72 and its 200 day moving average price is $11.68. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.12%. The ex-dividend date was Tuesday, February 25th. Patria Investments’s dividend payout ratio (DPR) is 120.00%.

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.