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 firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $11.40 per share, with a total value of $171,000.00. Following the purchase, the director owned 15,000 shares in the company, valued at $171,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average price of $10.99 per share, with a total value of $164,850.00.

Patria Investments Price Performance

Shares of NYSE:PAX opened at $11.02 on Friday. The business has a 50 day moving average price of $12.11 and a 200 day moving average price of $14.03. Patria Investments Limited has a twelve month low of $10.72 and a twelve month high of $17.80. The company has a market cap of $733.08 million, a price-to-earnings ratio of 22.04, a PEG ratio of 1.28 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be paid a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, May 18th. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s dividend payout ratio is currently 144.44%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Patria Investments

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $38,000. State of Wyoming bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $63,000. Advisory Services Network LLC bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $73,000. Kemnay Advisory Services Inc. bought a new position in shares of Patria Investments during the 4th quarter worth approximately $94,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Patria Investments by 52.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after buying an additional 2,818 shares during the period. Institutional investors own 96.27% of the company’s stock.

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.