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

Patria Private Equity Trust (LON:PPET)’s stock price traded up 0.3% during mid-day trading on Friday . The stock traded as high as GBX 620 and last traded at GBX 606. 152,808 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 417,950 shares. The stock had previously closed at GBX 604.

Patria Private Equity Trust Stock Performance

The company has a market capitalization of £887.28 million and a PE ratio of 8.06. The firm’s 50-day moving average is GBX 594.

Insider Buying and Selling

In other news, insider Duncan Budge acquired 6,922 shares of the company’s stock in a transaction on Friday, March 20th. The stock was bought at an average cost of GBX 575 per share, with a total value of £39,801.50. 1.57% of the stock is owned by insiders.

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.