Key Points
- Director Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments (NYSE:PAX) at $11.50 each, a $172,500 transaction that lifted his stake to 90,000 shares. The purchase represented a 20% increase in his position and was disclosed in an SEC filing.
- This was part of a recent buying streak for the director, who also purchased 15,000 shares on May 26, May 20, and May 15 at prices ranging from $10.99 to $11.40 per share.
- Patria Investments recently raised its quarterly dividend to $0.1625 per share from $0.15, implying an annualized yield of 5.6%. The company also drew mixed analyst sentiment, with an average rating of “Hold” and a $17 price target.
Patria Investments Limited (NYSE:PAX - Get Free Report) Director Olimpio Matarazzo Neto acquired 15,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of $11.50 per share, for a total transaction of $172,500.00. Following the acquisition, the director owned 90,000 shares in the company, valued at $1,035,000. The trade was a 20.00% increase in their position. 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 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 Stock Performance
PAX opened at $11.65 on Tuesday. The firm has a market capitalization of $774.99 million, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The stock's 50 day moving average price is $12.11 and its two-hundred day moving average price is $13.87. 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 12-month low of $10.72 and a 12-month high of $17.80.
Patria Investments Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be issued a $0.1625 dividend. This is an increase from Patria Investments's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.65 dividend on an annualized basis and a yield of 5.6%. Patria Investments's payout ratio is 144.44%.
Hedge Funds Weigh In On Patria Investments
Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $63,000. Advisory Services Network LLC bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $73,000. Kemnay Advisory Services Inc. bought a new position in shares of Patria Investments during the 4th quarter worth approximately $94,000. Tower Research Capital LLC TRC raised its position in Patria Investments by 52.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company's stock valued at $115,000 after purchasing an additional 2,818 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in Patria Investments in the 1st quarter valued at $152,000. Institutional investors own 96.27% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on PAX shares. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $18.00 target price on shares of Patria Investments in a report on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on Patria Investments from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Wednesday, April 8th. Finally, Zacks Research lowered 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 assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $17.00.
Check Out Our Latest Research Report on PAX
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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