Patria Investments (NYSE:PAX) Shares Gap Down on Analyst Downgrade

Patria Investments Limited (NYSE:PAX) shares gapped down before the market opened on Wednesday after Bank of America downgraded the stock from a neutral rating to an underperform rating. The stock had previously closed at $11.20, but opened at $10.77. Bank of America now has a $10.00 price target on the stock. Patria Investments shares last traded at $10.7250, with a volume of 529,142 shares traded.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup downgraded shares of Patria Investments to an “underperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $13.50.

Insider Buying and Selling at Patria Investments

In related news, CEO Marco D’Ippolito sold 7,004 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total transaction of $79,075.16. Following the sale, the chief executive officer owned 443,178 shares of the company’s stock, valued at $5,003,479.62. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 58.10% of the stock is owned by company insiders.

Institutional Trading of Patria Investments

Several hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new position in shares of Patria Investments in the 2nd quarter worth approximately $27,000. Advisory Services Network LLC purchased a new stake in Patria Investments during the third quarter valued at approximately $73,000. Kemnay Advisory Services Inc. purchased a new stake in Patria Investments during the fourth quarter valued at approximately $94,000. Tower Research Capital LLC TRC boosted its stake in Patria Investments by 52.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock valued at $115,000 after acquiring an additional 2,818 shares in the last quarter. Finally, State of Wyoming grew its holdings in Patria Investments by 117.1% in the fourth quarter. State of Wyoming now owns 9,301 shares of the company’s stock worth $148,000 after purchasing an additional 5,016 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Patria Investments Stock Performance

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 stock has a market cap of $713.46 million, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The firm has a fifty day moving average price of $11.20 and a 200 day moving average price of $11.71.

Patria Investments Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, August 10th will be paid a $0.1625 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.65 dividend on an annualized basis and a yield of 6.1%. Patria Investments’s dividend payout ratio (DPR) is 147.73%.

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.