Patria Investments (NYSE:PAX) Reaches New 52-Week Low – Should You Sell?

Patria Investments Limited (NYSE:PAX) shares reached a new 52-week low during trading on Monday. The stock traded as low as $9.85 and last traded at $10.0820, with a volume of 119,591 shares trading hands. The stock had previously closed at $11.74.

Wall Street Analyst Weigh In

PAX has been the subject of several recent analyst reports. Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a research note on Wednesday, September 9th. Bank of America cut Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a report on Wednesday, September 9th. Citigroup downgraded shares of Patria Investments to an “underperform” rating in a research report on Wednesday, September 9th. Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Monday, September 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Patria Investments has a consensus rating of “Reduce” and a consensus target price of $12.75.

Patria Investments Trading Down 18.1%

The stock has a market cap of $639.62 million, a price-to-earnings ratio of 19.25, a P/E/G ratio of 1.28 and a beta of 0.80. The company has a fifty day simple moving average of $11.06 and a 200-day simple moving average of $11.39. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Insider Buying and Selling

In other news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of Patria Investments stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $11.29, for a total value of $79,075.16. Following the transaction, the insider owned 443,178 shares of the company’s stock, valued at $5,003,479.62. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 58.10% of the stock is currently owned by company insiders.

Institutional Trading of Patria Investments

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Patria Investments in the second quarter worth $27,000. AXQ Capital LP acquired a new stake in Patria Investments in the 2nd quarter worth $112,000. Cetera Investment Advisers bought a new position in shares of Patria Investments during the 1st quarter worth about $152,000. Public Employees Retirement System of Ohio acquired a new position in Patria Investments in the 2nd quarter valued at approximately $154,000. Finally, MQS Management LLC acquired a new stake in shares of Patria Investments during the 1st quarter worth approximately $210,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments (NYSE: PAX) is a global alternative asset management firm focused on investing in private markets. The company manages capital on behalf of institutional investors, family offices, and other clients through strategies that include private equity, infrastructure, credit, growth capital, venture capital, and real estate.

Founded in Brazil in 1988, Patria has developed extensive experience investing in Latin America and has expanded its platform to serve clients and pursue opportunities across North America, Europe, and other international markets.