Patria Investments (PAX) has released an update.
Patria Investments announced positive second quarter 2024 financial results, with a 17% increase in Fee Related Earnings to $40 million and Distributable Earnings of $34 million, equating to $0.22 per share. The company has also declared a quarterly dividend of $0.15 per share and intends to repurchase up to 1.8 million shares over the next year. These results reflect Patria’s ongoing expansion, including several strategic acquisitions and an enhanced capital management strategy aimed at maximizing shareholder returns.
For further insights into PAX stock, check out TipRanks’ Stock Analysis page.
