Citigroup Inc. Acquires 69,761 Shares of Patria Investments Limited $PAX

Citigroup Inc. grew its holdings in Patria Investments Limited (NYSE:PAX) by 36.4% during the third quarter, Holdings Channel.com reports. The firm owned 261,438 shares of the company’s stock after acquiring an additional 69,761 shares during the quarter. Citigroup Inc.’s holdings in Patria Investments were worth $3,817,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Patria Investments in the third quarter valued at $38,000. State of Wyoming acquired a new position in shares of Patria Investments during the 3rd quarter worth about $63,000. Ameritas Investment Partners Inc. grew its holdings in shares of Patria Investments by 14.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company’s stock valued at $86,000 after acquiring an additional 775 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of 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 acquiring an additional 2,818 shares in the last quarter. Finally, CWM LLC increased its position in shares of Patria Investments by 12.3% in the third quarter. CWM LLC now owns 8,439 shares of the company’s stock valued at $123,000 after acquiring an additional 923 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analysts Set New Price Targets

PAX has been the subject of a number of analyst reports. Zacks Research upgraded Patria Investments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group increased their price objective on Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, Patria Investments currently has an average rating of “Strong Buy” and an average price target of $20.00.

Patria Investments Stock Down 0.4%

PAX stock opened at $12.46 on Thursday. Patria Investments Limited has a 1-year low of $9.43 and a 1-year high of $17.80. The business’s 50 day simple moving average is $15.27 and its 200 day simple moving average is $14.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $828.88 million, a PE ratio of 24.92, a PEG ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. Patria Investments’s dividend payout ratio is presently 113.21%.

Patria Investments Profile

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.