Wellington Shields Capital Management LLC Reduces Stock Holdings in Patria Investments Limited (NYSE:PAX)

Wellington Shields Capital Management LLC trimmed its position in shares of Patria Investments Limited (NYSE:PAX) by 45.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,500 shares of the company’s stock after selling 18,000 shares during the period. Wellington Shields Capital Management LLC’s holdings in Patria Investments were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PAX. FMR LLC grew its stake in shares of Patria Investments by 8.8% during the 3rd quarter. FMR LLC now owns 5,976,699 shares of the company’s stock worth $66,760,000 after acquiring an additional 483,675 shares during the period. State Street Corp lifted its holdings in Patria Investments by 21.7% during the third 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 during the last quarter. Geode Capital Management LLC lifted its holdings in Patria Investments by 0.8% during the third quarter. Geode Capital Management LLC now owns 680,447 shares of the company’s stock valued at $7,601,000 after purchasing an additional 5,187 shares during the last quarter. Phase 2 Partners LLC boosted its position in Patria Investments by 57.7% during the third quarter. Phase 2 Partners LLC now owns 541,602 shares of the company’s stock worth $6,050,000 after purchasing an additional 198,225 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Patria Investments by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 442,365 shares of the company’s stock worth $4,941,000 after purchasing an additional 113,935 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

NYSE PAX opened at $11.27 on Friday. The firm has a market cap of $673.57 million, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.28 and a beta of 0.58. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $11.69 and its 200-day moving average is $11.67. Patria Investments Limited has a 12-month low of $10.50 and a 12-month high of $14.90.

Patria Investments Dividend Announcement

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