Patria Private Equity Trust (LON:PPET) Shares Up 0.7% – Here’s Why

Shares of Patria Private Equity Trust (LON:PPET) shot up 0.7% during mid-day trading on Thursday . The stock traded as high as GBX 620 and last traded at GBX 616. 280,238 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 371,052 shares. The stock had previously closed at GBX 612.

Patria Private Equity Trust Trading Up 0.7%

The stock has a market capitalization of £901.05 million and a price-to-earnings ratio of 8.19. The stock’s 50-day simple moving average is GBX 606.48.

Patria Private Equity Trust Company Profile

Patria Private Equity Trust plc (LON:PPET) is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust’s principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.