Patria Investments (NYSE:PAX) Reaches New 1-Year Low – Should You Sell?

Patria Investments Limited (NYSE:PAX)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.37 and last traded at $10.50, with a volume of 18030 shares traded. The stock had previously closed at $10.84.

Patria Investments Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $604.18 million, a PE ratio of 20.17, a P/E/G ratio of 1.28 and a beta of 0.56. The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $11.70.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend was Tuesday, February 25th. Patria Investments’s dividend payout ratio is 120.00%.

Institutional Trading of Patria Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAX. Formidable Asset Management LLC bought a new position in shares of Patria Investments during the 4th quarter worth about $425,000. Public Employees Retirement System of Ohio raised its stake in shares of Patria Investments by 38.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 13,300 shares of the company’s stock valued at $155,000 after purchasing an additional 3,700 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Patria Investments in the 4th quarter valued at $425,000. ProShare Advisors LLC lifted its holdings in shares of Patria Investments by 51.3% during the 4th quarter. ProShare Advisors LLC now owns 15,728 shares of the company’s stock worth $183,000 after acquiring an additional 5,336 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in Patria Investments during the fourth quarter valued at approximately $194,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

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.