MQS Management LLC Lowers Holdings in Patria Investments Limited (NYSE:PAX)

MQS Management LLC decreased its position in Patria Investments Limited (NYSE:PAX) by 19.6% in the third quarter, Holdings Channel reports. The firm owned 20,074 shares of the company’s stock after selling 4,903 shares during the period. MQS Management LLC’s holdings in Patria Investments were worth $224,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital International Inc. CA boosted its holdings in shares of Patria Investments by 6.2% in the first quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock valued at $14,068,000 after purchasing an additional 55,065 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Patria Investments by 16.2% in the first quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock valued at $6,230,000 after purchasing an additional 58,443 shares during the period. Millennium Management LLC boosted its holdings in shares of Patria Investments by 42.2% in the second 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of Patria Investments by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company’s stock valued at $1,912,000 after purchasing an additional 2,405 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Patria Investments during the first quarter worth $219,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered 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 Stock Down 2.4 %

Patria Investments stock opened at $11.92 on Friday. The business has a fifty day moving average of $11.46 and a two-hundred day moving average of $12.07. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. The firm has a market cap of $712.46 million, a P/E ratio of 27.72, a P/E/G ratio of 1.50 and a beta of 0.57. Patria Investments Limited has a twelve month low of $10.63 and a twelve month high of $16.16.

Patria Investments (NYSE:PAX) last posted its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The company had revenue of $78.10 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.23 EPS. On average, analysts forecast that Patria Investments Limited will post 1.05 earnings per share for the current fiscal year.

Patria Investments Announces Dividend

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

About Patria Investments

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.