Patria Investments Limited Plans Quarterly Dividend of $0.15 (NYSE:PAX)

Patria Investments Limited (NYSE:PAX) declared a quarterly dividend on Wednesday, October 30th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.15 per share on Monday, December 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date of this dividend is Monday, November 18th.

Patria Investments has a payout ratio of 43.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Patria Investments to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 39.7%.

Patria Investments Stock Performance

Shares of NYSE:PAX opened at $11.92 on Friday. The company has a market capitalization of $712.46 million, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 1.50 and a beta of 0.57. 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 firm has a 50 day moving average of $11.46 and a 200 day moving average of $12.07. Patria Investments has a 52 week low of $10.63 and a 52 week high of $16.16.

Patria Investments (NYSE:PAX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $78.10 million for the quarter, compared to the consensus estimate of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same quarter last year, the firm earned $0.23 EPS. On average, sell-side analysts predict that Patria Investments will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.