Denali Advisors LLC Buys 144,577 Shares of Patria Investments Limited $PAX

Denali Advisors LLC increased its holdings in Patria Investments Limited (NYSE:PAX) by 160.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,819 shares of the company’s stock after purchasing an additional 144,577 shares during the quarter. Denali Advisors LLC owned approximately 0.39% of Patria Investments worth $3,302,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in Patria Investments by 7.8% in the second quarter. Public Employees Retirement System of Ohio now owns 13,900 shares of the company’s stock valued at $195,000 after buying an additional 1,000 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Patria Investments by 23.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company’s stock worth $125,000 after purchasing an additional 1,685 shares during the last quarter. CWM LLC boosted its holdings in shares of Patria Investments by 85.1% in the first quarter. CWM LLC now owns 5,099 shares of the company’s stock worth $58,000 after acquiring an additional 2,345 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Patria Investments by 8.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company’s stock valued at $388,000 after purchasing an additional 2,740 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Patria Investments by 888.9% in the first quarter. GAMMA Investing LLC now owns 3,827 shares of the company’s stock valued at $43,000 after purchasing an additional 3,440 shares in the last quarter. Institutional investors own 96.27% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Patria Investments Stock Performance

Patria Investments stock opened at $14.73 on Wednesday. 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 has a market capitalization of $979.87 million, a PE ratio of 29.46, a P/E/G ratio of 1.28 and a beta of 0.70. The firm has a fifty day simple moving average of $14.15 and a two-hundred day simple moving average of $13.14. Patria Investments Limited has a twelve month low of $9.43 and a twelve month high of $15.54.

Patria Investments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 15th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 15th. Patria Investments’s dividend payout ratio is 107.14%.

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.