Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 125,400 Patria Investments Limited (NYSE:PAX)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Patria Investments Limited (NYSE:PAXGet Rating) in the 2nd quarter, Holdings Channel.com reports. The fund bought 125,400 shares of the company’s stock, valued at approximately $1,658,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Citigroup Inc. acquired a new stake in shares of Patria Investments during the 1st quarter worth about $52,000. US Bancorp DE acquired a new stake in shares of Patria Investments during the 2nd quarter worth about $40,000. Bank of America Corp DE boosted its stake in shares of Patria Investments by 3,256.8% during the 1st quarter. Bank of America Corp DE now owns 13,427 shares of the company’s stock worth $239,000 after purchasing an additional 13,027 shares during the last quarter. Royal Bank of Canada acquired a new stake in shares of Patria Investments during the 1st quarter worth about $324,000. Finally, UBS Group AG acquired a new stake in shares of Patria Investments during the 2nd quarter worth about $291,000. 94.40% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

PAX opened at $13.36 on Friday. The company’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $14.14. Patria Investments Limited has a 1 year low of $12.25 and a 1 year high of $19.20. The stock has a market capitalization of $724.78 million, a PE ratio of 32.59, a P/E/G ratio of 1.38 and a beta of 0.60.

Patria Investments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Tuesday, November 15th will be given a $0.171 dividend. The ex-dividend date of this dividend is Monday, November 14th. This is a boost from Patria Investments’s previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a dividend yield of 5.12%. Patria Investments’s dividend payout ratio (DPR) is currently 165.86%.

Analyst Ratings Changes

PAX has been the topic of several analyst reports. Bank of America initiated coverage on shares of Patria Investments in a research note on Wednesday, September 7th. They set a “neutral” rating on the stock. TheStreet raised shares of Patria Investments from a “d+” rating to a “c-” rating in a research report on Thursday, November 10th.

Patria Investments Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding PAX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Patria Investments Limited (NYSE:PAXGet Rating).

Institutional Ownership by Quarter for Patria Investments (NYSE:PAX)

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