Principal Financial Group Inc. Has $2.04 Million Stock Holdings in Patria Investments Limited $PAX

Principal Financial Group Inc. grew its holdings in Patria Investments Limited (NYSE:PAX) by 46.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 162,091 shares of the company’s stock after purchasing an additional 51,620 shares during the period. Principal Financial Group Inc.’s holdings in Patria Investments were worth $2,042,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PAX. Tudor Investment Corp ET AL increased its holdings in Patria Investments by 590.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 230,682 shares of the company’s stock worth $3,368,000 after acquiring an additional 197,265 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Patria Investments during the first quarter valued at $1,197,000. Hussman Strategic Advisors Inc. acquired a new stake in shares of Patria Investments in the fourth quarter valued at about $667,000. Zeno Equity Partners LLP acquired a new stake in shares of Patria Investments in the fourth quarter valued at about $9,386,000. Finally, Globeflex Capital L P increased its stake in shares of Patria Investments by 36.9% during the fourth quarter. Globeflex Capital L P now owns 265,553 shares of the company’s stock worth $4,220,000 after purchasing an additional 71,625 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Trading Up 2.7%

PAX opened at $10.97 on Friday. The firm has a market capitalization of $729.76 million, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The company’s 50 day simple moving average is $11.17 and its two-hundred day simple moving average is $12.52. Patria Investments Limited has a 1-year low of $10.56 and a 1-year high of $17.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Analyst Ratings Changes

Several research analysts recently weighed in on PAX shares. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price target on shares of Patria Investments in a research report on Friday, April 24th. Zacks Research upgraded Patria Investments from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. cut their price objective on Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Patria Investments has an average rating of “Hold” and a consensus target price of $17.00.

Insider Activity at Patria Investments

In related news, Director Olimpio Matarazzo Neto purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average price of $11.46 per share, with a total value of $573,000.00. Following the completion of the acquisition, the director owned 235,000 shares in the company, valued at $2,693,100. This trade represents a 27.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased a total of 175,000 shares of company stock valued at $1,980,850 over the last ninety days. 58.10% of the stock is currently owned by company insiders.

Patria Investments Company Profile

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.