Patria Investments (NYSE:PAX) Sets New 12-Month Low – Here’s Why

Patria Investments Limited (NYSE:PAX)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.56 and last traded at $10.75, with a volume of 1222169 shares traded. The stock had previously closed at $10.99.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PAX. Zacks Research cut shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price objective on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $18.00 price objective on shares of Patria Investments in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.00.

Patria Investments Stock Performance

The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $11.74 and a 200-day moving average price of $13.36. The firm has a market cap of $715.12 million, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Patria Investments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, May 18th were paid a $0.1625 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.65 annualized dividend and a yield of 6.0%. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s dividend payout ratio is presently 144.44%.

Insider Buying and Selling

In other news, Director Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $11.46 per share, for a total transaction of $573,000.00. Following the purchase, the director owned 235,000 shares of the company’s stock, valued at approximately $2,693,100. The trade was a 27.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 175,000 shares of company stock worth $1,980,850. 58.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAX. Advisory Services Network LLC acquired a new stake in Patria Investments in the third quarter valued at about $73,000. Kemnay Advisory Services Inc. purchased a new stake in Patria Investments in the 4th quarter valued at approximately $94,000. Tower Research Capital LLC TRC increased its position in Patria Investments by 52.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after purchasing an additional 2,818 shares during the period. State of Wyoming increased its position in Patria Investments by 117.1% during the 4th quarter. State of Wyoming now owns 9,301 shares of the company’s stock worth $148,000 after purchasing an additional 5,016 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Patria Investments during the 1st quarter worth approximately $152,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

Patria Investments Company 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.