Patria Investments (NYSE:PAX) Price Target Cut to $13.00 by Analysts at JPMorgan Chase & Co.

Patria Investments (NYSE:PAX) had its price objective cut by stock analysts at JPMorgan Chase & Co. from $15.00 to $13.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 20.31% from the company’s previous close.

Several other equities analysts have also commented on PAX. Bank of America lowered Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price target on the stock. in a research report on Wednesday. Wells Fargo & Company set a $10.00 price objective on shares of Patria Investments in a research note on Wednesday. Zacks Research raised shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Citigroup downgraded shares of Patria Investments to an “underperform” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $12.75.

Patria Investments Stock Down 0.1%

Shares of PAX stock traded down $0.01 during trading hours on Thursday, reaching $10.80. The company had a trading volume of 226,156 shares, compared to its average volume of 987,959. 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 has a twelve month low of $10.55 and a twelve month high of $17.80. The company has a market capitalization of $718.78 million, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The stock’s fifty day simple moving average is $11.20 and its 200 day simple moving average is $11.69.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in shares of Patria Investments in the first quarter worth approximately $2,971,000. Y Intercept Hong Kong Ltd purchased a new position in Patria Investments during the first quarter valued at approximately $1,197,000. SEB Asset Management AB acquired a new position in Patria Investments in the 1st quarter valued at approximately $5,465,000. Bank of New York Mellon Corp purchased a new stake in Patria Investments in the 2nd quarter worth approximately $1,991,000. Finally, Globeflex Capital L P lifted its position in Patria Investments by 36.9% in the 4th quarter. Globeflex Capital L P now owns 265,553 shares of the company’s stock worth $4,220,000 after buying an additional 71,625 shares in the last quarter. 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.