590,698 Shares in Patria Investments Limited $PAX Acquired by Zeno Equity Partners LLP

Zeno Equity Partners LLP acquired a new position in Patria Investments Limited (NYSE:PAX) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 590,698 shares of the company’s stock, valued at approximately $9,386,000. Patria Investments makes up about 3.7% of Zeno Equity Partners LLP’s portfolio, making the stock its 9th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pertento Partners LLP boosted its holdings in shares of Patria Investments by 19.7% in the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock worth $57,991,000 after buying an additional 654,966 shares during the last quarter. Samlyn Capital LLC boosted its holdings in shares of Patria Investments by 3.4% in the third quarter. Samlyn Capital LLC now owns 1,986,266 shares of the company’s stock worth $28,999,000 after buying an additional 66,161 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Patria Investments by 3.7% in the third quarter. Millennium Management LLC now owns 865,107 shares of the company’s stock worth $12,631,000 after buying an additional 30,978 shares during the last quarter. MHR Fund Management LLC boosted its holdings in shares of Patria Investments by 27.4% in the third quarter. MHR Fund Management LLC now owns 800,000 shares of the company’s stock worth $11,680,000 after buying an additional 172,018 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Patria Investments by 1.7% in the third quarter. Vanguard Group Inc. now owns 429,994 shares of the company’s stock worth $6,278,000 after buying an additional 7,133 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

PAX has been the topic of a number of research reports. Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

Patria Investments Price Performance

NYSE PAX opened at $11.02 on Monday. Patria Investments Limited has a 12 month low of $10.72 and a 12 month high of $17.80. The stock 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’s 50 day moving average is $12.11 and its two-hundred day moving average is $14.02. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be given a dividend of $0.1625 per share. The ex-dividend date is Monday, May 18th. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 annualized dividend and a dividend yield of 5.9%. Patria Investments’s dividend payout ratio (DPR) is 144.44%.

Insider Activity

In related news, Director Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $10.99 per share, for a total transaction of $164,850.00. Following the completion of the transaction, the director directly owned 30,000 shares in the company, valued at approximately $329,700. This represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 58.10% of the stock is currently owned by insiders.

Patria Investments 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.