New York State Common Retirement Fund Sells 65,000 Shares of Patria Investments Limited $PAX

New York State Common Retirement Fund trimmed its position in Patria Investments Limited (NYSE:PAX) by 81.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,368 shares of the company’s stock after selling 65,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Patria Investments were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in shares of Patria Investments in the 3rd quarter valued at $38,000. Ameritas Investment Partners Inc. grew its position in Patria Investments by 14.4% in the second quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company’s stock valued at $86,000 after acquiring an additional 775 shares during the last quarter. CWM LLC raised its stake in Patria Investments by 47.4% during the second quarter. CWM LLC now owns 7,516 shares of the company’s stock worth $106,000 after acquiring an additional 2,417 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Patria Investments by 52.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after acquiring an additional 2,818 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new stake in shares of Patria Investments in the 3rd quarter valued at approximately $151,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Stock Down 0.6%

Shares of NYSE PAX opened at $14.16 on Thursday. The company has a 50 day simple moving average of $15.95 and a 200 day simple moving average of $14.89. 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 Limited has a 1 year low of $9.43 and a 1 year high of $17.80. The firm has a market cap of $941.97 million, a PE ratio of 28.32, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.60 annualized dividend and a yield of 4.2%. Patria Investments’s payout ratio is presently 113.21%.

Analyst Ratings Changes

PAX has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Zacks Research raised shares of Patria Investments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Patria Investments presently has a consensus rating of “Strong Buy” and a consensus target price of $20.00.

Patria Investments Company Profile

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.