Patria Investments Limited (NYSE:PAX) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC decreased its stake in shares of Patria Investments Limited (NYSE:PAX) by 43.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,400 shares of the company’s stock after selling 14,000 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Patria Investments were worth $214,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PAX. FMR LLC increased its stake in Patria Investments by 8.8% during the 3rd quarter. FMR LLC now owns 5,976,699 shares of the company’s stock valued at $66,760,000 after purchasing an additional 483,675 shares in the last quarter. State Street Corp increased its stake in Patria Investments by 21.7% during the 3rd quarter. State Street Corp now owns 1,165,331 shares of the company’s stock valued at $13,017,000 after purchasing an additional 208,039 shares in the last quarter. Phase 2 Partners LLC increased its stake in Patria Investments by 57.7% during the 3rd quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock valued at $6,050,000 after purchasing an additional 198,225 shares in the last quarter. Aurora Investment Counsel acquired a new position in Patria Investments during the 3rd quarter valued at approximately $1,401,000. Finally, JPMorgan Chase & Co. increased its stake in Patria Investments by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock valued at $4,941,000 after purchasing an additional 113,935 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Stock Up 3.9 %

NYSE:PAX opened at $11.27 on Friday. The firm has a market capitalization of $673.57 million, a P/E ratio of 22.54, a PEG ratio of 1.28 and a beta of 0.58. Patria Investments Limited has a 1-year low of $10.50 and a 1-year high of $14.90. The company’s fifty day moving average price is $11.69 and its 200-day moving average price is $11.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.32%. Patria Investments’s payout ratio is currently 120.00%.

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.