Patria Investments (NYSE:PAX) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Patria Investments (NYSE:PAX) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Patria Investments Stock Up 1.2%

Shares of PAX opened at $17.43 on Wednesday. The stock has a market capitalization of $1.16 billion, a PE ratio of 34.86, a P/E/G ratio of 1.28 and a beta of 0.69. Patria Investments has a 1 year low of $9.43 and a 1 year high of $17.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $15.68 and its 200-day simple moving average is $14.66.

Patria Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, November 14th. Patria Investments’s dividend payout ratio (DPR) is presently 86.96%.

Hedge Funds Weigh In On Patria Investments

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in Patria Investments in the third quarter worth approximately $38,000. State of Wyoming acquired a new stake in shares of Patria Investments in the 3rd quarter valued at $63,000. Advisory Services Network LLC purchased a new stake in shares of Patria Investments during the 3rd quarter worth $73,000. Ameritas Investment Partners Inc. grew its stake in shares of Patria Investments by 14.4% during the second quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company’s stock worth $86,000 after purchasing an additional 775 shares in the last quarter. Finally, CWM LLC increased its holdings in Patria Investments by 47.4% in the second quarter. CWM LLC now owns 7,516 shares of the company’s stock valued at $106,000 after buying an additional 2,417 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

About Patria Investments

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.