Olimpio Matarazzo Neto Buys 15,000 Shares of Patria Investments (NYSE:PAX) Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was bought at an average cost of $11.50 per share, for a total transaction of $172,500.00. Following the completion of the purchase, the director owned 90,000 shares of the company’s stock, valued at $1,035,000. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 26th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was bought at an average cost of $11.31 per share, for a total transaction of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was bought at an average cost of $10.99 per share, for a total transaction 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 cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Price Performance

Patria Investments stock opened at $11.62 on Wednesday. The stock’s 50 day moving average is $12.11 and its 200 day moving average is $13.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $773.00 million, a P/E ratio of 23.24, a P/E/G ratio of 1.28 and a beta of 0.77. Patria Investments Limited has a one year low of $10.72 and a one year high of $17.80.

Patria Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be paid a $0.1625 dividend. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, May 18th. Patria Investments’s payout ratio is presently 144.44%.

Institutional Investors Weigh In On Patria Investments

Several hedge funds and other institutional investors have recently modified their holdings of PAX. Pertento Partners LLP increased its holdings in shares of Patria Investments by 19.7% during the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock valued at $57,991,000 after acquiring an additional 654,966 shares in the last quarter. Zeno Equity Partners LLP bought a new stake in shares of Patria Investments during the fourth quarter valued at approximately $9,386,000. Millennium Management LLC increased its holdings in shares of Patria Investments by 56.9% during the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock valued at $21,565,000 after acquiring an additional 492,009 shares in the last quarter. SEB Asset Management AB bought a new stake in shares of Patria Investments during the first quarter valued at approximately $5,465,000. Finally, Renaissance Technologies LLC bought a new stake in Patria Investments during the first quarter worth $2,971,000. Institutional investors own 96.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PAX shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Patria Investments in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, Zacks Research lowered Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

About Patria Investments

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.