Patria Investments (NYSE:PAX) Hits New 1-Year Low – What’s Next?

Patria Investments Limited (NYSE:PAX)’s share price reached a new 52-week low during trading on Tuesday. The company traded as low as $9.90 and last traded at $9.8970, with a volume of 502549 shares changing hands. The stock had previously closed at $10.06.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAX shares. Citigroup cut Patria Investments to an “underperform” rating in a research report on Wednesday, September 9th. Bank of America lowered shares of Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price target for the company. in a research report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on shares of Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Zacks Research lowered shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Monday, September 14th. Finally, Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $12.75.

Patria Investments Trading Down 1.4%

The stock has a 50-day moving average price of $10.99 and a two-hundred day moving average price of $11.46. The stock has a market capitalization of $659.58 million, a PE ratio of 19.83, a PEG ratio of 1.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, August 10th were issued a dividend of $0.1625 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.65 annualized dividend and a yield of 6.6%. Patria Investments’s payout ratio is currently 147.73%.

Insider Buying and Selling at Patria Investments

In other news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.29, for a total value of $79,075.16. Following the completion of the sale, the insider directly owned 443,178 shares of the company’s stock, valued at $5,003,479.62. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 58.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in Patria Investments in the 2nd quarter worth $27,000. AXQ Capital LP bought a new position in shares of Patria Investments in the second quarter worth about $112,000. Cetera Investment Advisers purchased a new stake in shares of Patria Investments during the first quarter worth about $152,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Patria Investments during the second quarter worth about $154,000. Finally, ProShare Advisors LLC raised its stake in Patria Investments by 9.2% during the 4th quarter. ProShare Advisors LLC now owns 12,099 shares of the company’s stock valued at $192,000 after purchasing an additional 1,017 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is an alternative asset management firm focused on investment opportunities in Latin America and other emerging markets. The company serves institutional investors, family offices, sovereign wealth funds and other clients seeking exposure to private-market investments.

Patria manages a range of investment strategies, including private equity, infrastructure, credit, growth capital, venture capital and real estate. Its activities include raising and managing investment funds, identifying opportunities, providing capital to businesses and projects, and supporting portfolio companies through operational and strategic initiatives.

Founded in Brazil in 1988, Patria has expanded its operations across Latin America and maintains a broader international presence to serve global investors.