Roxbury Financial LLC Acquires New Holdings in Patria Investments Limited (NYSE:PAX)

Roxbury Financial LLC acquired a new stake in Patria Investments Limited (NYSE:PAX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,600 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors have also made changes to their positions in PAX. SG Americas Securities LLC acquired a new stake in Patria Investments in the 3rd quarter valued at approximately $211,000. GSA Capital Partners LLP grew its holdings in Patria Investments by 28.7% in the 3rd quarter. GSA Capital Partners LLP now owns 56,083 shares of the company’s stock valued at $626,000 after buying an additional 12,516 shares during the last quarter. Aurora Investment Counsel acquired a new stake in Patria Investments in the 3rd quarter valued at approximately $1,401,000. Intech Investment Management LLC acquired a new stake in Patria Investments in the 3rd quarter valued at approximately $200,000. Finally, Citigroup Inc. grew its holdings in Patria Investments by 43.9% in the 3rd quarter. Citigroup Inc. now owns 318,580 shares of the company’s stock valued at $3,559,000 after buying an additional 97,210 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Patria Investments Stock Performance

PAX opened at $12.69 on Friday. Patria Investments Limited has a 12-month low of $10.63 and a 12-month high of $16.16. The firm has a market capitalization of $758.48 million, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.58. The stock’s 50 day moving average price is $11.84 and its two-hundred day moving average price is $11.69. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Friday, February 28th. Patria Investments’s payout ratio is presently 139.53%.

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.