Key Points
- Patria Investments director Olimpio Matarazzo Neto bought 15,000 shares on June 1 at an average price of $11.59, a transaction worth $173,850. The purchase raised his holdings to 120,000 shares, increasing his ownership by 14.29%.
- This was part of a recent pattern of insider buying: Neto also purchased 15,000 shares on May 28, May 26, May 20, and May 15 at prices ranging from $10.99 to $11.50 per share.
- Patria recently increased its quarterly dividend to $0.1625 per share, or $0.65 annualized, for a 5.8% yield. Analysts currently have a consensus rating of “Hold” on the stock, with an average price target of $17.00.
Patria Investments Limited (NYSE:PAX - Get Free Report) Director Olimpio Matarazzo Neto acquired 15,000 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $11.59 per share, with a total value of $173,850.00. Following the acquisition, the director owned 120,000 shares in the company, valued at approximately $1,390,800. This trade represents a 14.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Olimpio Matarazzo Neto also recently made the following trade(s):
- On Thursday, May 28th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.50 per share, for a total transaction of $172,500.00.
- On Tuesday, May 26th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were bought at an average price of $11.31 per share, with a total value of $169,650.00.
- On Wednesday, May 20th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The stock was bought at an average cost of $10.99 per share, with a total value of $164,850.00.
- On Friday, May 15th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was bought at an average price of $11.40 per share, for a total transaction of $171,000.00.
Patria Investments Stock Performance
PAX opened at $11.17 on Thursday. The firm has a fifty day moving average price of $12.11 and a 200 day moving average price of $13.82. Patria Investments Limited has a 1 year low of $10.72 and a 1 year high of $17.80. The stock has a market cap of $743.06 million, a P/E ratio of 22.34, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.
Patria Investments Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders 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 5.8%. This is an increase from Patria Investments's previous quarterly dividend of $0.15. The ex-dividend date is Monday, May 18th. Patria Investments's payout ratio is currently 144.44%.
Institutional Investors Weigh In On Patria Investments
A number of institutional investors have recently modified their holdings of PAX. AQR Capital Management LLC increased its stake in Patria Investments by 234.2% during the 1st quarter. AQR Capital Management LLC now owns 43,789 shares of the company's stock worth $494,000 after buying an additional 30,688 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Patria Investments by 8.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company's stock valued at $388,000 after acquiring an additional 2,740 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Patria Investments in the 1st quarter valued at about $153,000. Rhumbline Advisers grew its position in shares of 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 acquiring an additional 10,442 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Patria Investments by 338.0% in the second quarter. American Century Companies Inc. now owns 172,754 shares of the company's stock valued at $2,429,000 after buying an additional 133,313 shares during the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Zacks Research lowered Patria Investments from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on 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, The Goldman Sachs Group reaffirmed a "buy" rating and set a $18.00 price objective on shares of Patria Investments in a report 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.00.
Check Out Our Latest Stock Analysis 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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