Patria Private Equity Trust (LON:PPET) Trading 0.3% Higher – Still a Buy?

Patria Private Equity Trust (LON:PPET) shares were up 0.3% during mid-day trading on Friday . The stock traded as high as GBX 606 and last traded at GBX 606. Approximately 28,943 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 300,941 shares. The stock had previously closed at GBX 604.

Patria Private Equity Trust Stock Performance

The stock has a market cap of £886.31 million and a PE ratio of 7.50. The business has a 50-day simple moving average of GBX 613.71.

Patria Private Equity Trust (LON:PPET) last posted its earnings results on Monday, June 29th. The company reported GBX 1.95 earnings per share for the quarter.

About Patria Private Equity Trust

Patria Private Equity Trust plc (LON:PPET) is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust’s principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.