Key Points
- Director Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments at an average price of $10.99 each, increasing his direct ownership to 30,000 shares. The purchase was valued at about $164,850 and represented a 100% increase in his holdings.
- This was Neto’s second recent purchase, after he also bought 15,000 shares on May 15 at an average price of $11.40 per share. The repeated insider buying may signal confidence in the company.
- Patria Investments also recently raised its quarterly dividend to $0.1625 per share, equivalent to an annualized yield of 5.9%. However, analyst sentiment remains mixed, with a consensus rating of Hold and a $17.00 price target.
Patria Investments Limited (NYSE:PAX - Get Free Report) Director Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $10.99 per share, with a total value of $164,850.00. Following the completion of the transaction, the director directly owned 30,000 shares of the company's stock, valued at approximately $329,700. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Olimpio Matarazzo Neto also recently made the following trade(s):
- On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was acquired at an average price of $11.40 per share, with a total value of $171,000.00.
Patria Investments Price Performance
Shares of NYSE PAX opened at $11.02 on Friday. The firm has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $14.03. The stock has a market capitalization of $733.08 million, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 52 week low of $10.72 and a 52 week high of $17.80.
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 given a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.9%. This is a positive change from Patria Investments's previous quarterly dividend of $0.15. The ex-dividend date is Monday, May 18th. Patria Investments's dividend payout ratio (DPR) is currently 144.44%.
Institutional Investors Weigh In On Patria Investments
Several hedge funds and other institutional investors have recently bought and sold shares of PAX. AQR Capital Management LLC increased its position in Patria Investments by 234.2% during the first quarter. AQR Capital Management LLC now owns 43,789 shares of the company's stock worth $494,000 after purchasing an additional 30,688 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Patria Investments by 8.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company's stock worth $388,000 after purchasing an additional 2,740 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Patria Investments during the first quarter worth about $153,000. Rhumbline Advisers increased its position in Patria Investments by 12.7% during the second quarter. Rhumbline Advisers now owns 92,717 shares of the company's stock worth $1,304,000 after purchasing an additional 10,442 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Patria Investments by 338.0% during the second quarter. American Century Companies Inc. now owns 172,754 shares of the company's stock worth $2,429,000 after purchasing an additional 133,313 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Patria Investments from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, April 8th. Finally, Zacks Research cut shares of Patria Investments from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $17.00.
View Our Latest Research Report on Patria Investments
Patria Investments Company Profile
(
Get Free Report)
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.
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