Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Buys 15,000 Shares of Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $11.31 per share, for a total transaction of $169,650.00. Following the completion of the acquisition, the director directly owned 60,000 shares in the company, valued at $678,600. The trade was a 33.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, May 20th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $10.99 per share, for a total transaction of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Price Performance

Shares of Patria Investments stock traded down $0.05 during midday trading on Thursday, hitting $11.43. 514,435 shares of the company traded hands, compared to its average volume of 961,600. The stock has a market cap of $760.36 million, a price-to-earnings ratio of 22.86, a PEG ratio of 1.28 and a beta of 0.77. 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 firm’s fifty day moving average price is $12.10 and its 200-day moving average price is $13.92. Patria Investments Limited has a 12 month low of $10.72 and a 12 month high of $17.80.

Patria Investments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be issued a dividend of $0.1625 per share. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.65 annualized dividend and a dividend yield of 5.7%. Patria Investments’s payout ratio is presently 144.44%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PAX shares. JPMorgan Chase & Co. reduced their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 target price on shares of Patria Investments in a report on Friday, April 24th. Finally, Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PAX. AQR Capital Management LLC lifted its position in shares of Patria Investments by 234.2% in the 1st quarter. AQR Capital Management LLC now owns 43,789 shares of the company’s stock worth $494,000 after purchasing an additional 30,688 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Patria Investments by 8.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company’s stock worth $388,000 after purchasing an additional 2,740 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Patria Investments in the 1st quarter worth approximately $153,000. Rhumbline Advisers lifted its position in shares of Patria Investments by 12.7% in the 2nd quarter. Rhumbline Advisers now owns 92,717 shares of the company’s stock worth $1,304,000 after purchasing an additional 10,442 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Patria Investments by 338.0% in the 2nd quarter. American Century Companies Inc. now owns 172,754 shares of the company’s stock worth $2,429,000 after purchasing an additional 133,313 shares during the period. Institutional investors and hedge funds 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.