Patria Investments (NYSE:PAX) Posts Earnings Results

Patria Investments (NYSE:PAX) announced its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, Zacks reports. The business had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $69.99 million. Patria Investments had a return on equity of 34.22% and a net margin of 26.01%. During the same period in the prior year, the firm earned $0.30 EPS.

Patria Investments Stock Performance

Shares of Patria Investments stock traded down $0.47 on Friday, reaching $11.52. 687,198 shares of the company were exchanged, compared to its average volume of 506,604. The company’s 50-day moving average is $12.60 and its two-hundred day moving average is $13.62. The firm has a market cap of $678.07 million, a price-to-earnings ratio of 10.61, a P/E/G ratio of 1.26 and a beta of 0.60. Patria Investments has a 1-year low of $11.51 and a 1-year high of $16.16.

Patria Investments Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Monday, August 19th. Patria Investments’s payout ratio is 89.74%.

Patria Investments Company 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.