Patria Investments (NYSE:PAX) Lowered to “Strong Sell” Rating by Zacks Research

Patria Investments (NYSE:PAX) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

PAX has been the topic of several other reports. Citigroup downgraded shares of Patria Investments to an “underperform” rating in a research report on Wednesday, September 9th. Bank of America downgraded Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a research note on Wednesday, September 9th. JPMorgan Chase & Co. lowered their price objective on Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Finally, Wells Fargo & Company set a $10.00 price objective on Patria Investments in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $12.75.

Patria Investments Stock Down 2.3%

Patria Investments stock opened at $10.24 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments has a 1-year low of $10.23 and a 1-year high of $17.80. The firm’s fifty day simple moving average is $11.15 and its 200-day simple moving average is $11.61. The company has a market capitalization of $681.20 million, a P/E ratio of 20.48, a P/E/G ratio of 1.28 and a beta of 0.76.

Insider Buying and Selling

In other Patria Investments news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.29, for a total transaction of $79,075.16. Following the completion of the transaction, the insider owned 443,178 shares of the company’s stock, valued at $5,003,479.62. The trade was a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 58.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Patria Investments

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Patria Investments during the 2nd quarter worth about $27,000. Squarepoint Ops LLC acquired a new stake in Patria Investments in the 2nd quarter valued at approximately $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Patria Investments in the 2nd quarter valued at approximately $227,000. AXQ Capital LP bought a new position in Patria Investments in the 2nd quarter worth approximately $112,000. Finally, Public Employees Retirement System of Ohio bought a new position in Patria Investments in the 2nd quarter worth approximately $154,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Patria Investments Company Profile

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.