Yorktown Management & Research Co Inc Makes New Investment in Patria Investments Limited (NYSE:PAX)

Yorktown Management & Research Co Inc bought a new position in shares of Patria Investments Limited (NYSE:PAX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 34,000 shares of the company’s stock, valued at approximately $395,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Patria Investments during the fourth quarter worth approximately $29,000. Mendota Financial Group LLC bought a new stake in Patria Investments during the third quarter worth approximately $56,000. Public Employees Retirement System of Ohio bought a new stake in Patria Investments during the third quarter worth approximately $107,000. Dynamic Technology Lab Private Ltd bought a new stake in Patria Investments during the third quarter worth approximately $130,000. Finally, Algert Global LLC bought a new stake in Patria Investments during the second quarter worth approximately $139,000. Institutional investors own 96.27% of the company’s stock.

Patria Investments Stock Performance

PAX opened at $11.70 on Wednesday. The firm has a market cap of $699.31 million, a PE ratio of 10.52, a P/E/G ratio of 1.24 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $11.83 and a 200-day simple moving average of $11.72. Patria Investments Limited has a fifty-two week low of $10.63 and a fifty-two week high of $16.16.

Patria Investments (NYSE:PAX) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $76.55 million. During the same period in the prior year, the business earned $0.23 earnings per share. As a group, equities analysts predict that Patria Investments Limited will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group decreased their price target on shares of Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd.

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.