JPMorgan Chase & Co. Cuts Patria Investments (NYSE:PAX) Price Target to $13.00

Patria Investments (NYSE:PAX) had its target price cut by JPMorgan Chase & Co. from $15.00 to $13.00 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently issued reports on PAX. Wells Fargo & Company set a $10.00 target price on Patria Investments in a research report on Wednesday. Citigroup cut Patria Investments to an “underperform” rating in a research note on Wednesday. Zacks Research raised Patria Investments from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Bank of America lowered shares of Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 target price on the stock. in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Patria Investments presently has an average rating of “Reduce” and a consensus target price of $12.75.

Patria Investments Stock Performance

Shares of PAX stock opened at $10.62 on Thursday. The stock’s 50-day moving average is $11.18 and its two-hundred day moving average is $11.66. The firm has a market cap of $706.47 million, a price-to-earnings ratio of 21.24, a PEG ratio of 1.28 and a beta of 0.76. Patria Investments has a 1 year low of $10.55 and a 1 year high of $17.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, August 10th will be issued a dividend of $0.1625 per share. 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 6.1%. Patria Investments’s dividend payout ratio (DPR) is currently 147.73%.

Insider Transactions at Patria Investments

In related news, CEO Marco D’Ippolito sold 7,004 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total value of $79,075.16. Following the transaction, the chief executive officer owned 443,178 shares in the company, valued at $5,003,479.62. The trade was a 1.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 58.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zeno Equity Partners LLP purchased a new position in Patria Investments during the fourth quarter worth about $9,386,000. Pertento Partners LLP boosted its holdings in 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 purchasing an additional 511,327 shares in the last quarter. Millennium Management LLC boosted its holdings in Patria Investments by 56.9% in the 4th quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock valued at $21,565,000 after purchasing an additional 492,009 shares in the last quarter. SEB Asset Management AB acquired a new position in Patria Investments during the 1st quarter worth approximately $5,465,000. Finally, Renaissance Technologies LLC acquired a new position in Patria Investments during the 1st quarter worth approximately $2,971,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

About Patria Investments

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.