Patria Investments Ltd (PAX) Q3 2024 Earnings Call Highlights: Strong Fundraising Momentum and ... [Yahoo! Finance]
Patria Investments Limited - Class A Common Shares (PAX)
Company Research
Source: Yahoo! Finance
Management Fees: Approximately $78 million for the quarter, up 26% year over year. Fee Related Earnings: Almost $41 million for the quarter, representing a year-over-year growth of close to 13%. Fee Related Earnings Per Share: $0.26, up more than 65% since 2021. Distributable Earnings: Close to $35 million for the quarter, or $0.23 per share. Net Accrued Performance Fee Balance: $455 million or $2.97 per share, increased slightly sequentially. Fee Earning AUM: Almost $34 billion, rose 9% sequentially and 58% year over year. Dividend: Declared a $0.15 per share dividend for the quarter. Net Fee Revenue: $75.9 million for the quarter, up 28% year over year. Operating Expenses: $34.7 million for the quarter, up $11.8 million versus Q3 2023. FRE Margin: 53.4% for the third quarter, with a year-to-date margin of 55.5%. Debt: Approximately $165 million outstanding at the end of Q3. Effective Tax Rate: 10.6% in Q3 2024. Warning! GuruFocus has detected 6 Warning Signs
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News
- Patria Investments Ltd. (PAX)-A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- It Might Not Be A Great Idea To Buy Patria Investments Limited (NASDAQ:PAX) For Its Next Dividend [Yahoo! Finance]Yahoo! Finance
- Patria Investments Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Patria Reports Third Quarter 2024 Earnings ResultsGlobeNewswire
- Patria Investments Limited (NYSE: PAX) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $16.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
PAX
Earnings
- 5/2/24 - Miss
PAX
Sec Filings
- 12/9/24 - Form 6-K
- 11/13/24 - Form SC
- 11/12/24 - Form SC
- PAX's page on the SEC website