TheStreet downgraded shares of Patria Investments (NYSE:PAX – Get Ranking) from a c- ranking to a d+ ranking in a report issued on Wednesday, TheStreetRatingsTable experiences.

Patria Investments Value Efficiency

Shares of PAX inventory opened at $12.83 on Wednesday. The corporate has a market cap of $696.03 million, a PE ratio of 13.95 and a beta of 0.38. Patria Investments has a 1 yr low of $12.51 and a 1 yr excessive of $19.49. The inventory’s 50 day easy shifting common is $14.73 and its two-hundred day easy shifting common is $16.00.

Patria Investments (NYSE:PAX – Get Ranking) final launched its earnings outcomes on Tuesday, Might 10th. The corporate reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. The agency had income of $55.00 million for the quarter. Patria Investments had a return on fairness of 34.59% and a internet margin of 48.67%. Throughout the identical interval within the prior yr, the agency posted $0.13 EPS. Equities analysis analysts anticipate that Patria Investments will submit 0.9 EPS for the present yr.

Patria Investments Will increase Dividend

The corporate additionally lately declared a quarterly dividend, which was paid on Thursday, June 16th. Buyers of report on Thursday, June 2nd have been paid a dividend of $0.202 per share. The ex-dividend date was Wednesday, June 1st. This can be a enhance from Patria Investments’s earlier quarterly dividend of $0.16. This represents a $0.81 dividend on an annualized foundation and a dividend yield of 6.30%. Patria Investments’s payout ratio is at the moment 88.04%.

Institutional Buying and selling of Patria Investments

Institutional buyers have lately added to or lowered their stakes within the firm. Citigroup Inc. bought a brand new stake in shares of Patria Investments within the first quarter value roughly $52,000. Financial institution of America Corp DE elevated its stake in Patria Investments by 3,256.8% within the first quarter. Financial institution of America Corp DE now owns 13,427 shares of the corporate’s inventory value $239,000 after buying an extra 13,027 shares in the course of the interval. Royal Financial institution of Canada purchased a brand new stake in shares of Patria Investments in the course of the first quarter value $324,000. Skandinaviska Enskilda Banken AB publ purchased a brand new stake in shares of Patria Investments in the course of the first quarter value $912,000. Lastly, Qube Analysis & Applied sciences Ltd grew its holdings in shares of Patria Investments by 319.7% within the fourth quarter. Qube Analysis & Applied sciences Ltd now owns 56,937 shares of the corporate’s inventory value $922,000 after buying an extra 43,370 shares over the last quarter.

About Patria Investments

(Get Ranking)

Patria Investments Restricted operates as a personal market funding agency targeted on investing in Latin America. The corporate presents asset administration providers to buyers specializing in personal fairness funds, infrastructure improvement funds, co-investments funds, constructivist fairness funds, and actual property and credit score funds.

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