TheStreet downgrades Patria Investments (NYSE:PAX) to D+
TheStreet downgraded the shares of Patria Investments (NYSE:PAX – Get a rating) from a c- to a d+ rating in a report released Wednesday, reports TheStreetRatingsTable.
Patria Investments Price Performance
PAX shares opened at $12.83 on Wednesday. The company has a market capitalization of $696.03 million, a PE ratio of 13.95 and a beta of 0.38. Patria Investments has a 1 year minimum of $12.51 and a 1 year maximum of $19.49. The stock’s 50-day simple moving average is $14.73 and its two-hundred-day simple moving average is $16.00.
Patria Investments (NYSE:PAX – Get Rating) last released its results on Tuesday, May 10. The company reported earnings per share of $0.24 for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $55.00 million for the quarter. Patria Investments had a return on equity of 34.59% and a net margin of 48.67%. During the same period of the previous year, the company posted EPS of $0.13. Equity research analysts expect Patria Investments to post EPS of 0.9 for the current year.
Patria Investments increases its dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16. Investors of record on Thursday, June 2 received a dividend of $0.202 per share. The ex-dividend date was Wednesday, June 1. This is a boost from Patria Investments’ previous quarterly dividend of $0.16. This represents a dividend of $0.81 on an annualized basis and a dividend yield of 6.30%. The payout ratio of Patria Investments is currently 88.04%.
Patria Investments Institutional Trading
Institutional investors have recently increased or reduced their stake in the company. Citigroup Inc. bought a new stake in shares of Patria Investments in the first quarter worth about $52,000. Bank of America Corp DE increased its stake in Patria Investments by 3,256.8% in the first quarter. Bank of America Corp DE now owns 13,427 shares of the company worth $239,000 after purchasing an additional 13,027 shares during the period. Royal Bank of Canada bought a new stake in shares of Patria Investments during the first quarter at a value of $324,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Patria Investments during the first quarter worth $912,000. Finally, Qube Research & Technologies Ltd increased its holdings of Patria Investments shares by 319.7% in the fourth quarter. Qube Research & Technologies Ltd now owns 56,937 shares in the company worth $922,000 after buying an additional 43,370 shares in the last quarter.
About Patria Investments
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Patria Investments Limited operates as a private market investment company focused on investing in Latin America. The company provides asset management services to investors focusing on private equity funds, infrastructure development funds, co-investment funds, constructivist equity funds and real estate and investment funds. credit.
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