Key Points
- Director Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments at an average price of $11.31, spending $169,650. The purchase increased his holdings by 33.33% to 60,000 shares.
- This was the latest in a series of recent insider purchases by Matarazzo Neto, who also bought 15,000 shares on May 20 and another 15,000 shares on May 15.
- Patria Investments recently raised its quarterly dividend to $0.1625 per share, up from $0.15, implying an annualized yield of about 5.7% at the current share price.
Patria Investments Limited (NYSE:PAX - Get Free Report) Director Olimpio Matarazzo Neto bought 15,000 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average price of $11.31 per share, with a total value of $169,650.00. Following the completion of the purchase, the director directly owned 60,000 shares of the company's stock, valued at approximately $678,600. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Olimpio Matarazzo Neto also recently made the following trade(s):
- On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was purchased at an average price of $10.99 per share, with a total value of $164,850.00.
- On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was purchased at an average price of $11.40 per share, with a total value of $171,000.00.
Patria Investments Price Performance
Shares of PAX stock opened at $11.43 on Friday. The company has a market capitalization of $760.36 million, a PE ratio of 22.86, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The firm has a fifty day simple moving average of $12.10 and a 200-day simple moving average of $13.92. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a twelve month low of $10.72 and a twelve month high of $17.80.
Patria Investments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be issued a $0.1625 dividend. This is a boost from Patria Investments's previous quarterly dividend of $0.15. This represents a $0.65 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, May 18th. Patria Investments's dividend payout ratio is currently 144.44%.
Analyst Upgrades and Downgrades
PAX has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Patria Investments from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $18.00 price target on shares of Patria Investments in a report on Friday, April 24th. Finally, Zacks Research cut shares of Patria Investments from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Patria Investments presently has a consensus rating of "Hold" and a consensus target price of $17.00.
Read Our Latest Report on PAX
Institutional Trading of Patria Investments
A number of institutional investors and hedge funds have recently modified their holdings of PAX. Pertento Partners LLP raised its holdings in shares of 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 purchasing an additional 654,966 shares during the period. Zeno Equity Partners LLP acquired a new stake in shares of Patria Investments during the fourth quarter worth $9,386,000. Millennium Management LLC raised its holdings in shares of Patria Investments by 56.9% during the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company's stock worth $21,565,000 after purchasing an additional 492,009 shares during the period. SEB Asset Management AB acquired a new stake in shares of Patria Investments during the first quarter worth $5,465,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Patria Investments during the first quarter worth $2,971,000. 96.27% of the stock is owned by institutional investors and hedge funds.
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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