Wellington Shields Capital Management LLC Sells 8,800 Shares of Patria Investments Limited (NYSE:PAX)

Wellington Shields Capital Management LLC trimmed its holdings in shares of Patria Investments Limited (NYSE:PAX) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,500 shares of the company’s stock after selling 8,800 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Patria Investments were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. National Bank of Canada FI raised its position in Patria Investments by 3.7% during the fourth quarter. National Bank of Canada FI now owns 223,909 shares of the company’s stock valued at $3,326,000 after purchasing an additional 7,938 shares during the period. Pertento Partners LLP raised its holdings in Patria Investments by 9.3% during the 4th quarter. Pertento Partners LLP now owns 2,112,284 shares of the company’s stock valued at $32,762,000 after buying an additional 179,809 shares during the period. Capital International Investors lifted its position in Patria Investments by 0.5% in the fourth quarter. Capital International Investors now owns 2,952,119 shares of the company’s stock worth $45,787,000 after buying an additional 13,900 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Patria Investments by 39.6% during the first quarter. Los Angeles Capital Management LLC now owns 133,742 shares of the company’s stock worth $1,985,000 after buying an additional 37,965 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in Patria Investments by 9.7% during the first quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock worth $142,000 after buying an additional 850 shares during the period. Institutional investors own 96.27% of the company’s stock.

Patria Investments Trading Up 0.5 %

Shares of PAX traded up $0.05 during midday trading on Friday, hitting $11.14. The stock had a trading volume of 35,567 shares, compared to its average volume of 392,824. The stock’s 50 day moving average is $12.11 and its 200 day moving average is $13.14. The firm has a market cap of $665.84 million, a PE ratio of 14.22, a price-to-earnings-growth ratio of 1.20 and a beta of 0.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. Patria Investments Limited has a 1 year low of $10.87 and a 1 year high of $16.16.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $75.00 million for the quarter, compared to the consensus estimate of $69.99 million. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. During the same period in the prior year, the firm posted $0.30 EPS. As a group, analysts forecast that Patria Investments Limited will post 1.2 EPS for the current fiscal year.

Patria Investments Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 19th will be issued a $0.15 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 5.39%. Patria Investments’s payout ratio is 76.92%.

Patria Investments Company Profile

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.