Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Purchases 50,000 Shares

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto purchased 50,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $11.12 per share, for a total transaction of $556,000.00. Following the purchase, the director owned 185,000 shares of the company’s stock, valued at $2,057,200. This trade represents a 37.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, June 5th, Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock. The stock was acquired at an average cost of $11.46 per share, for a total transaction of $573,000.00.
• On Monday, June 1st, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was acquired at an average cost of $11.59 per share, for a total transaction of $173,850.00.
• On Thursday, May 28th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was acquired at an average cost of $11.50 per share, for a total transaction of $172,500.00.
• On Tuesday, May 26th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was acquired at an average cost of $11.31 per share, for a total transaction of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto bought 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.
• On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was acquired at an average cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Trading Down 3.1%

Shares of PAX stock traded down $0.36 during mid-day trading on Friday, reaching $11.15. The company’s stock had a trading volume of 753,321 shares, compared to its average volume of 972,891. The company’s 50 day simple moving average is $12.11 and its 200-day simple moving average is $13.78. Patria Investments Limited has a 12-month low of $10.72 and a 12-month high of $17.80. 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 firm has a market capitalization of $741.73 million, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Patria Investments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be paid a $0.1625 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.8%. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s payout ratio is 144.44%.

Institutional Investors Weigh In On Patria Investments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAX. State of Wyoming purchased a new stake in Patria Investments during the 3rd quarter worth $63,000. Advisory Services Network LLC purchased a new stake in Patria Investments during the 3rd quarter worth $73,000. Kemnay Advisory Services Inc. purchased a new stake in Patria Investments during the 4th quarter worth $94,000. Tower Research Capital LLC TRC increased its stake in Patria Investments by 52.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after buying an additional 2,818 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in Patria Investments during the 1st quarter worth $152,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PAX. JPMorgan Chase & Co. cut their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.00.

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.