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

Shares of Patria Private Equity Trust (LON:PPET) shot up 0.3% during trading on Friday . The company traded as high as GBX 620 and last traded at GBX 606. 152,808 shares were traded 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 Trading Up 0.3%

The stock has a market cap of £887.28 million and a PE ratio of 8.06. The business’s 50 day simple moving average is GBX 594.

Insider Buying and Selling

In other news, insider Duncan Budge purchased 6,922 shares of the business’s stock in a transaction on Friday, March 20th. The stock was purchased at an average price of GBX 575 per share, for a total transaction of £39,801.50. 1.57% of the stock is currently owned by corporate 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.