Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Acquires 15,000 Shares

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 15,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $11.59 per share, for a total transaction of $173,850.00. Following the transaction, the director owned 120,000 shares in the company, valued at approximately $1,390,800. The trade was a 14.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, May 28th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.50 per share, with a total value of $172,500.00.
• On Tuesday, May 26th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.31 per share, with a total value of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were purchased at an average price of $10.99 per share, for a total transaction of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto bought 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

PAX stock opened at $11.17 on Thursday. Patria Investments Limited has a 12 month low of $10.72 and a 12 month high of $17.80. 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 company has a 50-day moving average price of $12.11 and a 200 day moving average price of $13.82. The stock has a market cap of $743.06 million, a PE ratio of 22.34, a P/E/G ratio of 1.28 and a beta of 0.77.

Patria Investments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 5.8%. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, May 18th. Patria Investments’s dividend payout ratio (DPR) is presently 144.44%.

Analysts Set New Price Targets

Several research analysts have commented on PAX shares. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Patria Investments in a report on Friday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Finally, Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Patria Investments presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Pertento Partners LLP raised its stake in shares of Patria Investments by 19.7% in the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock worth $57,991,000 after purchasing an additional 654,966 shares during the last quarter. Zeno Equity Partners LLP acquired a new position in Patria Investments in the 4th quarter worth approximately $9,386,000. Millennium Management LLC raised its position in Patria Investments by 56.9% during the 4th quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock worth $21,565,000 after buying an additional 492,009 shares during the last quarter. SEB Asset Management AB acquired a new stake in Patria Investments during the 1st quarter valued at approximately $5,465,000. Finally, Renaissance Technologies LLC acquired a new stake in Patria Investments during the 1st quarter valued at approximately $2,971,000. 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.