683 Capital Management LLC Takes $5.62 Million Position in Patria Investments Limited $PAX

683 Capital Management LLC purchased a new position in shares of Patria Investments Limited (NYSE:PAX) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 400,000 shares of the company’s stock, valued at approximately $5,624,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of Patria Investments by 850.5% in the 1st quarter. Russell Investments Group Ltd. now owns 23,790 shares of the company’s stock valued at $269,000 after purchasing an additional 21,287 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Patria Investments by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 830,278 shares of the company’s stock worth $11,674,000 after buying an additional 75,699 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Patria Investments during the 1st quarter worth $227,000. Dodge & Cox acquired a new stake in Patria Investments in the first quarter valued at about $224,000. Finally, Wealthedge Investment Advisors LLC bought a new position in Patria Investments in the first quarter valued at about $307,000. 96.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Zacks Research raised Patria Investments from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Patria Investments Price Performance

Patria Investments stock opened at $16.18 on Friday. The stock has a 50-day moving average price of $14.81 and a two-hundred day moving average price of $14.19. Patria Investments Limited has a 12 month low of $9.43 and a 12 month high of $16.47. The company has a market capitalization of $1.08 billion, a PE ratio of 32.36, a P/E/G ratio of 1.28 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 14th were given a dividend of $0.15 per share. The ex-dividend date was Friday, November 14th. This represents a $0.60 annualized dividend and a yield of 3.7%. Patria Investments’s dividend payout ratio (DPR) is currently 86.96%.

About Patria Investments

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.