Patria Investments (NYSE:PAX) Hits New 12-Month Low – Here’s Why

Patria Investments Limited (NYSE:PAX) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.55 and last traded at $10.6450, with a volume of 626748 shares trading hands. The stock had previously closed at $10.97.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PAX. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price target on shares of Patria Investments in a research note on Friday, April 24th. Zacks Research raised shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

Patria Investments Stock Performance

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 stock has a market cap of $719.78 million, a P/E ratio of 21.64, a PEG ratio of 1.28 and a beta of 0.74. The stock has a fifty day simple moving average of $11.17 and a 200-day simple moving average of $12.51.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, August 10th will be paid a $0.1625 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.0%. Patria Investments’s dividend payout ratio is 144.44%.

Insider Buying and Selling at Patria Investments

In other news, Director Olimpio Matarazzo Neto acquired 50,000 shares of Patria Investments stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $11.46 per share, with a total value of $573,000.00. Following the purchase, the director directly owned 235,000 shares of the company’s stock, valued at $2,693,100. The trade was a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have purchased 175,000 shares of company stock valued at $1,980,850. Company insiders own 58.10% of the company’s stock.

Hedge Funds Weigh In On Patria Investments

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pertento Partners LLP grew its holdings in shares of Patria Investments by 12.9% in the 4th quarter. Pertento Partners LLP now owns 4,483,299 shares of the company’s stock valued at $71,240,000 after buying an additional 511,327 shares during the period. Samlyn Capital LLC raised its stake in Patria Investments by 3.4% during the 3rd quarter. Samlyn Capital LLC now owns 1,986,266 shares of the company’s stock worth $28,999,000 after buying an additional 66,161 shares during the period. State Street Corp raised its stake in Patria Investments by 6.4% during the 4th quarter. State Street Corp now owns 1,361,241 shares of the company’s stock worth $21,631,000 after buying an additional 82,067 shares during the period. Millennium Management LLC lifted its holdings in Patria Investments by 56.9% during the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock worth $21,565,000 after acquiring an additional 492,009 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Patria Investments by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 853,986 shares of the company’s stock worth $13,570,000 after acquiring an additional 19,133 shares in the last quarter. 96.27% of the stock is owned by institutional investors.

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.