Patria Investments (NYSE:PAX – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, November 3rd. Analysts expect Patria Investments to post earnings of $0.17 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Patria Investments (NYSE:PAX – Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. Patria Investments had a return on equity of 22.22% and a net margin of 35.12%. The firm had revenue of $55.60 million during the quarter, compared to analysts’ expectations of $55.74 million. On average, analysts expect Patria Investments to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Patria Investments Stock Down 1.2 %
Shares of Patria Investments stock opened at $13.03 on Thursday. The firm has a market cap of $706.85 million, a PE ratio of 26.59, a P/E/G ratio of 1.38 and a beta of 0.58. Patria Investments has a twelve month low of $12.25 and a twelve month high of $19.49. The business has a 50-day moving average price of $13.67 and a 200 day moving average price of $14.52.
Patria Investments Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were given a dividend of $0.169 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 5.19%. Patria Investments’s dividend payout ratio is currently 138.78%.
Hedge Funds Weigh In On Patria Investments
Large investors have recently modified their holdings of the stock. Citigroup Inc. acquired a new stake in shares of Patria Investments in the first quarter valued at approximately $52,000. Bank of America Corp DE grew its position 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 in the last quarter. UBS Group AG bought a new stake in shares of Patria Investments in the second quarter valued at approximately $291,000. Royal Bank of Canada bought a new stake in shares of Patria Investments during the 1st quarter valued at $324,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Patria Investments during the second quarter worth about $924,000. 94.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have weighed in on PAX shares. TheStreet lowered Patria Investments from a “c-” rating to a “d+” rating in a research report on Wednesday, July 13th. Bank of America initiated coverage on Patria Investments in a research report on Wednesday, September 7th. They set a “neutral” rating for the company.
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.
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