Globeflex Capital L P Acquires 71,625 Shares of Patria Investments Limited $PAX

Globeflex Capital L P boosted its holdings in shares of Patria Investments Limited (NYSE:PAX) by 36.9% in the fourth quarter, Holdings Channel reports. The firm owned 265,553 shares of the company’s stock after purchasing an additional 71,625 shares during the quarter. Globeflex Capital L P’s holdings in Patria Investments were worth $4,220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in Patria Investments during the third quarter worth about $63,000. Advisory Services Network LLC bought a new position in Patria Investments during the third quarter worth about $73,000. Tower Research Capital LLC TRC lifted its stake in Patria Investments by 52.9% during the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after purchasing an additional 2,818 shares during the period. State of Alaska Department of Revenue lifted its stake in Patria Investments by 262.8% during the fourth quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock worth $153,000 after purchasing an additional 7,014 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Patria Investments during the first quarter worth about $153,000. Institutional investors own 96.27% of the company’s stock.

Insider Buying and Selling

In other Patria Investments news, Director Olimpio Matarazzo Neto bought 15,000 shares of the stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $11.59 per share, with a total value of $173,850.00. Following the acquisition, the director owned 120,000 shares of the company’s stock, valued at approximately $1,390,800. The trade was a 14.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 75,000 shares of company stock worth $851,850. 58.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Patria Investments Stock Performance

Shares of Patria Investments stock opened at $11.51 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $765.68 million, a P/E ratio of 23.02, a P/E/G ratio of 1.28 and a beta of 0.74. The firm has a 50 day simple moving average of $12.12 and a 200 day simple moving average of $13.80. Patria Investments Limited has a fifty-two week low of $10.72 and a fifty-two week high of $17.80.

Patria Investments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.65 dividend on an annualized basis and a yield of 5.6%. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s dividend payout ratio (DPR) is presently 144.44%.

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.