Royal Bank of Canada Increases Stake in Patria Investments Limited $PAX

Royal Bank of Canada increased its stake in Patria Investments Limited (NYSE:PAX) by 3,747.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,218 shares of the company’s stock after buying an additional 66,445 shares during the period. Royal Bank of Canada’s holdings in Patria Investments were worth $860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Renaissance Technologies LLC bought a new stake in Patria Investments during the 1st quarter valued at approximately $2,971,000. Y Intercept Hong Kong Ltd bought a new position in shares of Patria Investments in the 1st quarter worth approximately $1,197,000. SEB Asset Management AB bought a new position in shares of Patria Investments in the 1st quarter worth approximately $5,465,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Patria Investments in the 4th quarter valued at approximately $667,000. Finally, Zeno Equity Partners LLP purchased a new position in shares of Patria Investments in the 4th quarter valued at approximately $9,386,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Price Performance

Shares of PAX opened at $11.46 on Friday. Patria Investments Limited has a fifty-two week low of $10.55 and a fifty-two week high of $17.80. The firm’s 50-day simple moving average is $11.15 and its two-hundred day simple moving average is $11.96. The stock has a market cap of $762.35 million, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, August 10th will be given a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, August 10th. Patria Investments’s payout ratio is currently 147.73%.

Insider Buying and Selling 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 shares were bought at an average price of $11.46 per share, for a total transaction of $573,000.00. Following the purchase, the director directly owned 235,000 shares of the company’s stock, valued at approximately $2,693,100. This represents a 27.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 145,000 shares of company stock valued at $1,645,000. Corporate insiders own 58.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research raised Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.00.

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.