Patria Investments Limited (PAX) To Go Ex-Dividend on August 10th

Patria Investments Limited (NYSE:PAX) announced a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 10th will be paid a dividend of 0.1625 per share on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, August 10th.

Patria Investments has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Patria Investments to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.65 annual dividend with an expected future payout ratio of 40.9%.

Patria Investments Price Performance

Patria Investments stock opened at $10.82 on Friday. Patria Investments has a 12-month low of $10.55 and a 12-month high of $17.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $11.17 and a 200-day moving average price of $12.51. The firm has a market capitalization of $719.78 million, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. The Goldman Sachs Group restated a “buy” rating and set a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. cut their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.00.

About Patria Investments

Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.