Patria Investments Limited (NYSE:PAX) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its holdings in Patria Investments Limited (NYSE:PAX – Get Rating) by 31.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 45,570 shares of the company’s stock after selling 20,932 shares during the period. ExodusPoint Capital Management LP’s holdings in Patria Investments were worth $595,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Capital Research Global Investors lifted its stake in shares of Patria Investments by 94.6% in the 1st quarter. Capital Research Global Investors now owns 9,771,580 shares of the company’s stock valued at $174,032,000 after purchasing an additional 4,750,000 shares during the last quarter. Wellington Management Group LLP lifted its stake in Patria Investments by 21.9% during the 1st quarter. Wellington Management Group LLP now owns 4,278,548 shares of the company’s stock worth $76,201,000 after acquiring an additional 769,798 shares in the last quarter. Capital International Investors lifted its stake in Patria Investments by 14.5% during the 1st quarter. Capital International Investors now owns 2,264,608 shares of the company’s stock worth $40,333,000 after acquiring an additional 287,200 shares in the last quarter. Samlyn Capital LLC lifted its stake in Patria Investments by 8.9% during the 2nd quarter. Samlyn Capital LLC now owns 1,654,973 shares of the company’s stock worth $21,879,000 after acquiring an additional 135,173 shares in the last quarter. Finally, Pertento Partners LLP lifted its stake in Patria Investments by 6.3% during the 3rd quarter. Pertento Partners LLP now owns 1,525,151 shares of the company’s stock worth $19,903,000 after acquiring an additional 90,035 shares in the last quarter. Institutional investors and hedge funds own 92.23% of the company’s stock.

Patria Investments Price Performance

PAX stock opened at $16.00 on Tuesday. The firm has a market capitalization of $867.97 million, a P/E ratio of 25.40, a P/E/G ratio of 0.58 and a beta of 0.57. The business’s 50-day moving average is $15.08 and its two-hundred day moving average is $14.19. Patria Investments Limited has a 1 year low of $12.25 and a 1 year high of $19.20.

Patria Investments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 1st will be given a $0.308 dividend. The ex-dividend date is Tuesday, February 28th. This represents a $1.23 dividend on an annualized basis and a yield of 7.70%. This is a positive change from Patria Investments’s previous quarterly dividend of $0.17. Patria Investments’s dividend payout ratio (DPR) is currently 195.24%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TheStreet raised Patria Investments from a “d+” rating to a “c-” rating in a research note on Thursday, November 10th. Keefe, Bruyette & Woods increased their target price on Patria Investments from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Finally, The Goldman Sachs Group increased their target price on Patria Investments from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, February 15th.

Patria Investments Company Profile

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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.