Denali Advisors LLC Takes $462,000 Position in Patria Investments Limited (NYSE:PAX)

Denali Advisors LLC bought a new position in shares of Patria Investments Limited (NYSE:PAX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 38,300 shares of the company’s stock, valued at approximately $462,000. Denali Advisors LLC owned about 0.07% of Patria Investments as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in shares of Patria Investments by 9.7% during the first quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock worth $142,000 after purchasing an additional 850 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Patria Investments in the 1st quarter worth about $200,000. Entropy Technologies LP purchased a new stake in Patria Investments in the 1st quarter valued at about $219,000. MQS Management LLC acquired a new position in shares of Patria Investments during the 1st quarter valued at about $279,000. Finally, Allegheny Financial Group LTD lifted its holdings in shares of Patria Investments by 43.6% during the 2nd quarter. Allegheny Financial Group LTD now owns 22,728 shares of the company’s stock worth $274,000 after acquiring an additional 6,899 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Price Performance

PAX opened at $11.26 on Wednesday. Patria Investments Limited has a 1 year low of $10.63 and a 1 year high of $16.16. The company’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $12.88. The stock has a market capitalization of $662.80 million, a PE ratio of 14.44, a P/E/G ratio of 1.13 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99.

Patria Investments (NYSE:PAX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $75.00 million during the quarter, compared to analysts’ expectations of $69.99 million. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. During the same period in the previous year, the company earned $0.30 EPS. As a group, sell-side analysts expect that Patria Investments Limited will post 1.2 EPS for the current year.

Patria Investments Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $0.60 annualized dividend and a yield of 5.33%. Patria Investments’s dividend payout ratio is presently 76.92%.

Patria Investments 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.