Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Purchases 15,000 Shares

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $11.40 per share, for a total transaction of $171,000.00. Following the acquisition, the director owned 15,000 shares of the company’s stock, valued at $171,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Olimpio Matarazzo Neto also recently made the following trade(s):

• On Wednesday, May 20th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was acquired at an average cost of $10.99 per share, for a total transaction of $164,850.00.

Patria Investments Stock Performance

Shares of PAX traded down $0.15 on Friday, reaching $11.02. The company’s stock had a trading volume of 540,034 shares, compared to its average volume of 969,404. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $733.08 million, a P/E ratio of 22.04, a PEG ratio of 1.28 and a beta of 0.77. The stock’s 50 day simple moving average is $12.11 and its two-hundred day simple moving average is $14.03. Patria Investments Limited has a 12-month low of $10.72 and a 12-month high of $17.80.

Patria Investments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, May 18th. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s dividend payout ratio (DPR) is 144.44%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PAX. Zacks Research lowered shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. cut 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. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in Patria Investments during the third quarter worth $1,104,000. Pertento Partners LLP boosted its stake in Patria Investments by 19.7% during the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock worth $57,991,000 after buying an additional 654,966 shares during the period. Citigroup Inc. boosted its stake in Patria Investments by 36.4% during the third quarter. Citigroup Inc. now owns 261,438 shares of the company’s stock worth $3,817,000 after buying an additional 69,761 shares during the period. Tudor Investment Corp ET AL boosted its stake in Patria Investments by 590.3% during the third quarter. Tudor Investment Corp ET AL now owns 230,682 shares of the company’s stock worth $3,368,000 after buying an additional 197,265 shares during the period. Finally, Allianz Asset Management GmbH boosted its stake in Patria Investments by 107.1% during the third quarter. Allianz Asset Management GmbH now owns 290,000 shares of the company’s stock worth $4,234,000 after buying an additional 150,000 shares during the period. 96.27% of the stock is owned by hedge funds and other 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.