Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Buys 50,000 Shares

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

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

• On Friday, June 5th, Olimpio Matarazzo Neto acquired 50,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.46 per share, with a total value of $573,000.00.
• On Monday, June 1st, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.59 per share, with a total value of $173,850.00.
• On Thursday, May 28th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost 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 shares were bought at an average cost of $11.40 per share, with a total value of $171,000.00.

Patria Investments Stock Down 3.1%

PAX stock traded down $0.36 during mid-day trading on Friday, hitting $11.15. 753,321 shares of the company were exchanged, compared to its average volume of 972,891. The company has a market capitalization of $741.73 million, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a twelve month low of $10.72 and a twelve month high of $17.80. The firm has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $13.78.

Patria Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.65 annualized dividend and a yield of 5.8%. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s dividend payout ratio (DPR) is 144.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PAX. Pertento Partners LLP boosted its holdings in shares of Patria Investments by 19.7% in the 3rd quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock valued at $57,991,000 after buying an additional 654,966 shares during the period. Zeno Equity Partners LLP acquired a new position in shares of Patria Investments in the 4th quarter valued at about $9,386,000. Millennium Management LLC boosted its holdings in shares of Patria Investments by 56.9% in the 4th quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock valued at $21,565,000 after buying an additional 492,009 shares during the period. SEB Asset Management AB acquired a new position in shares of Patria Investments in the 1st quarter valued at about $5,465,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Patria Investments in the 1st quarter valued at about $2,971,000. 96.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PAX has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price objective on shares of Patria Investments in a report on Friday, April 24th. Finally, Zacks Research lowered shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.