Patria Investments Limited $PAX Shares Acquired by Inherent Management Corp.

Inherent Management Corp. increased its stake in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 21.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,466,831 shares of the company's stock after buying an additional 258,008 shares during the quarter. Patria Investments comprises approximately 17.1% of Inherent Management Corp.'s holdings, making the stock its 3rd largest position. Inherent Management Corp. owned 2.42% of Patria Investments worth $20,624,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its stake in Patria Investments by 850.5% during the 1st quarter. Russell Investments Group Ltd. now owns 23,790 shares of the company's stock valued at $269,000 after purchasing an additional 21,287 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Patria Investments by 174.7% during the first quarter. New York State Common Retirement Fund now owns 39,468 shares of the company's stock valued at $446,000 after buying an additional 25,100 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Patria Investments during the first quarter valued at approximately $349,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Patria Investments during the first quarter worth approximately $227,000. Finally, Dodge & Cox bought a new position in Patria Investments in the 1st quarter worth approximately $224,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Trading Down 1.5%

Patria Investments stock opened at $14.51 on Tuesday. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $16.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $965.23 million, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The firm has a 50 day simple moving average of $14.63 and a 200-day simple moving average of $13.81.

Patria Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 14th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. Patria Investments's dividend payout ratio (DPR) is 86.96%.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Patria Investments from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".

Get Our Latest Report on PAX

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.

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