Los Angeles Capital Management LLC Cuts Position in Patria Investments Limited (NYSE:PAX)

Los Angeles Capital Management LLC decreased its position in Patria Investments Limited (NYSE:PAX) by 16.1% during the 4th quarter, Holdings Channel reports. The fund owned 39,626 shares of the company’s stock after selling 7,599 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Patria Investments were worth $461,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Patria Investments in the 4th quarter valued at $29,000. Roxbury Financial LLC purchased a new position in Patria Investments in the fourth quarter valued at $55,000. Public Employees Retirement System of Ohio acquired a new stake in Patria Investments in the third quarter valued at $107,000. Dynamic Technology Lab Private Ltd purchased a new stake in Patria Investments during the 3rd quarter worth about $130,000. Finally, Intech Investment Management LLC acquired a new position in shares of Patria Investments during the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Trading Down 2.6 %

PAX opened at $11.04 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Patria Investments Limited has a one year low of $10.63 and a one year high of $15.04. The company has a market cap of $659.83 million, a P/E ratio of 22.08, a PEG ratio of 1.28 and a beta of 0.58. The business’s 50-day simple moving average is $11.77 and its 200-day simple moving average is $11.71.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a yield of 5.43%. Patria Investments’s payout ratio is currently 120.00%.

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.