Patria Investments (NYSE:PAX) Raised to Hold at Zacks Research

Patria Investments (NYSE:PAX) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

PAX has been the subject of a number of other research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. JPMorgan Chase & Co. cut their price objective on Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Patria Investments has a consensus rating of “Hold” and a consensus price target of $17.00.

Patria Investments Stock Performance

Shares of PAX stock opened at $11.14 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $11.22 and a 200-day moving average price of $12.82. Patria Investments has a 52 week low of $10.56 and a 52 week high of $17.80. The firm has a market capitalization of $741.07 million, a PE ratio of 22.28, a P/E/G ratio of 1.28 and a beta of 0.74.

Insider Transactions at Patria Investments

In other Patria Investments news, Director Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock in a transaction on Friday, June 5th. The stock was acquired at an average cost of $11.46 per share, with a total value of $573,000.00. Following the completion of the acquisition, the director owned 235,000 shares in the company, valued at approximately $2,693,100. This represents a 27.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 175,000 shares of company stock worth $1,980,850 in the last three months. Insiders own 58.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PAX. Tudor Investment Corp ET AL grew its holdings in Patria Investments by 590.3% during the third quarter. Tudor Investment Corp ET AL now owns 230,682 shares of the company’s stock valued at $3,368,000 after purchasing an additional 197,265 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Patria Investments in the first quarter worth about $1,197,000. Hussman Strategic Advisors Inc. bought a new position in shares of Patria Investments in the fourth quarter worth about $667,000. Zeno Equity Partners LLP bought a new position in shares of Patria Investments in the fourth quarter worth about $9,386,000. Finally, Globeflex Capital L P lifted its position in shares of Patria Investments by 36.9% during the 4th quarter. Globeflex Capital L P now owns 265,553 shares of the company’s stock valued at $4,220,000 after buying an additional 71,625 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company 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.