Yorktown Management & Research Co Inc Buys New Stake in Patria Investments Limited (NYSE:PAX)

Yorktown Management & Research Co Inc acquired a new position in Patria Investments Limited (NYSE:PAX) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 34,000 shares of the company’s stock, valued at approximately $395,000. Yorktown Management & Research Co Inc owned approximately 0.06% of Patria Investments at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Patria Investments in the 4th quarter worth $29,000. Mendota Financial Group LLC acquired a new stake in shares of Patria Investments in the 3rd quarter valued at about $56,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Patria Investments in the 3rd quarter valued at about $107,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Patria Investments in the 3rd quarter valued at about $130,000. Finally, Algert Global LLC acquired a new stake in shares of Patria Investments in the 2nd quarter valued at about $139,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Price Performance

Shares of NYSE:PAX opened at $11.70 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16. The firm has a 50-day simple moving average of $11.83 and a 200 day simple moving average of $11.72. The company has a market cap of $699.31 million, a PE ratio of 10.52, a P/E/G ratio of 1.24 and a beta of 0.58.

Patria Investments (NYSE:PAX) last announced its quarterly earnings data 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). Patria Investments had a net margin of 19.68% and a return on equity of 34.00%. The business had revenue of $78.10 million for the quarter, compared to the consensus estimate of $76.55 million. During the same period in the prior year, the company earned $0.23 EPS. On average, sell-side analysts anticipate that Patria Investments Limited will post 1.02 EPS for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered their price objective on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd.

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.