Patria Investments (NYSE:PAX) Reaches New 52-Week Low – What’s Next?

Patria Investments Limited (NYSE:PAX)’s share price hit a new 52-week low on Monday . The stock traded as low as $10.42 and last traded at $10.4590, with a volume of 155099 shares changing hands. The stock had previously closed at $10.62.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAX. JPMorgan Chase & Co. cut their target price on Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a research note on Wednesday, September 9th. Zacks Research raised shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Citigroup lowered Patria Investments to an “underperform” rating in a report on Wednesday, September 9th. Finally, Bank of America lowered Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 target price for the company. in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Patria Investments currently has an average rating of “Reduce” and a consensus target price of $12.75.

Patria Investments Trading Down 1.7%

The firm has a market cap of $694.17 million, a P/E ratio of 20.87, a P/E/G ratio of 1.28 and a beta of 0.76. 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 has a fifty day moving average of $11.18 and a 200-day moving average of $11.65.

Patria Investments Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.65 annualized dividend and a dividend yield of 6.2%. Patria Investments’s payout ratio is 147.73%.

Insider Activity

In other Patria Investments news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.29, for a total value of $79,075.16. Following the completion of the transaction, the insider owned 443,178 shares in the company, valued at approximately $5,003,479.62. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 58.10% of the company’s stock.

Hedge Funds Weigh In On Patria Investments

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in Patria Investments in the 2nd quarter valued at approximately $27,000. California State Teachers Retirement System raised its stake in shares of Patria Investments by 175.8% in the 2nd quarter. California State Teachers Retirement System now owns 9,882 shares of the company’s stock worth $109,000 after buying an additional 6,299 shares in the last quarter. AXQ Capital LP bought a new stake in Patria Investments in the second quarter worth about $112,000. Cetera Investment Advisers purchased a new stake in shares of Patria Investments in the first quarter valued at $152,000. Finally, ProShare Advisors LLC grew its stake in Patria Investments by 9.2% in the fourth quarter. ProShare Advisors LLC now owns 12,099 shares of the company’s stock valued at $192,000 after purchasing an additional 1,017 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

About Patria Investments

Patria Investments Limited (NYSE: PAX) is an alternative asset management firm focused on investment opportunities in Latin America and other emerging markets. The company serves institutional investors, family offices, sovereign wealth funds and other clients seeking exposure to private-market investments.

Patria manages a range of investment strategies, including private equity, infrastructure, credit, growth capital, venture capital and real estate. Its activities include raising and managing investment funds, identifying opportunities, providing capital to businesses and projects, and supporting portfolio companies through operational and strategic initiatives.

Founded in Brazil in 1988, Patria has expanded its operations across Latin America and maintains a broader international presence to serve global investors.