Patria Investments (NYSE:PAX) Director Acquires $556,000.00 in Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of $11.12 per share, for a total transaction of $556,000.00. Following the transaction, the director directly owned 185,000 shares of the company’s stock, valued at $2,057,200. This trade represents a 37.04% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Olimpio Matarazzo Neto also recently made the following trade(s):

• On Friday, June 5th, Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.46 per share, for a total transaction of $573,000.00.
• On Monday, June 1st, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The stock was acquired at an average cost of $11.59 per share, for a total transaction of $173,850.00.
• On Thursday, May 28th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was acquired at an average price of $11.50 per share, with a total value of $172,500.00.
• On Tuesday, May 26th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was acquired at an average price of $11.31 per share, with a total value of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was acquired at an average price 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 acquired at an average price of $11.40 per share, with a total value of $171,000.00.

Patria Investments Stock Performance

Shares of PAX stock opened at $11.15 on Monday. Patria Investments Limited has a 52-week low of $10.72 and a 52-week high of $17.80. The stock has a market cap of $741.73 million, a price-to-earnings ratio of 22.30, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day moving average of $12.11 and a 200-day moving average of $13.77.

Patria Investments Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be paid a $0.1625 dividend. The ex-dividend date is Monday, May 18th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.8%. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s dividend payout ratio is currently 144.44%.

Institutional Investors Weigh In On Patria Investments

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in Patria Investments by 5.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the company’s stock worth $213,000 after acquiring an additional 700 shares during the last quarter. Legal & General Group Plc grew its holdings in Patria Investments by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 38,430 shares of the company’s stock worth $561,000 after acquiring an additional 875 shares during the last quarter. Rhumbline Advisers grew its holdings in Patria Investments by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 93,634 shares of the company’s stock worth $1,367,000 after acquiring an additional 917 shares during the last quarter. ProShare Advisors LLC grew its holdings in Patria Investments by 9.2% during the 4th quarter. ProShare Advisors LLC now owns 12,099 shares of the company’s stock worth $192,000 after acquiring an additional 1,017 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Patria Investments by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock worth $311,000 after acquiring an additional 1,366 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

PAX has been the subject of a number of recent research reports. Zacks Research cut shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of 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 reiterated a “buy” rating and set a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.00.

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.