Patria Investments (NYSE:PAX) Director Acquires $172,500.00 in Stock

by · The Cerbat Gem

Patria Investments Limited (NYSE:PAXGet Free Report) Director Olimpio Matarazzo Neto purchased 15,000 shares of the stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $11.50 per share, for a total transaction of $172,500.00. Following the completion of the acquisition, the director owned 90,000 shares of the company’s stock, valued at approximately $1,035,000. This represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Olimpio Matarazzo Neto also recently made the following trade(s):

  • On Tuesday, May 26th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The stock was purchased at an average cost of $11.31 per share, for a total transaction of $169,650.00.
  • On Wednesday, May 20th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The stock was purchased at an average cost of $10.99 per share, for a total transaction of $164,850.00.
  • On Friday, May 15th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The stock was purchased at an average cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Price Performance

Shares of Patria Investments stock traded up $0.06 on Monday, reaching $11.65. The stock had a trading volume of 1,201,291 shares, compared to its average volume of 972,408. Patria Investments Limited has a 1 year low of $10.72 and a 1 year high of $17.80. The company has a market cap of $774.99 million, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $12.11 and its two-hundred day moving average is $13.90.

Patria Investments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be issued a $0.1625 dividend. The ex-dividend date of this dividend is Monday, May 18th. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.6%. Patria Investments’s payout ratio is currently 144.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming bought a new position in shares of Patria Investments in the third quarter worth approximately $63,000. Advisory Services Network LLC bought a new position in shares of Patria Investments in the third quarter worth approximately $73,000. Kemnay Advisory Services Inc. bought a new position in shares of Patria Investments in the fourth quarter worth approximately $94,000. Tower Research Capital LLC TRC grew its holdings in shares of Patria Investments by 52.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after purchasing an additional 2,818 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Patria Investments by 262.8% in the fourth quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $153,000 after purchasing an additional 7,014 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PAX. JPMorgan Chase & Co. lowered their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. Finally, Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.00.

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Patria Investments Company Profile

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Patria Investments Limited (NYSE: PAX) is a Brazil-based alternative asset management firm specializing in private equity, infrastructure, real estate and credit investments. Since its founding in 1988, the firm has focused on identifying and partnering with high-potential companies and projects across Latin America. Patria’s investment approach combines local market expertise with global best practices to structure and manage portfolios that aim to deliver long-term value to institutional and high-net-worth clients.

The company’s core business activities include private equity funds targeting mid-market and large-cap buyouts, infrastructure funds investing in essential assets such as energy and transportation, real estate strategies encompassing residential, commercial and logistics properties, and credit funds that provide financing solutions across the capital structure.

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