Patria Investments Limited (NYSE:PAX – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $11.03 and last traded at $11.07, with a volume of 133314 shares changing hands. The stock had previously closed at $11.15.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on PAX shares. Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Patria Investments presently has an average rating of “Hold” and a consensus price target of $17.00.
Check Out Our Latest Research Report on Patria Investments
Patria Investments Price Performance
Patria Investments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be issued a dividend of $0.1625 per share. The ex-dividend date is Monday, May 18th. 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 yield of 5.8%. Patria Investments’s dividend payout ratio is 144.44%.
Hedge Funds Weigh In On Patria Investments
A number of hedge funds and other institutional investors have recently bought and sold shares of PAX. Principal Financial Group Inc. bought a new stake in shares of Patria Investments during the third quarter worth approximately $1,104,000. Pertento Partners LLP boosted 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 worth $57,991,000 after acquiring an additional 654,966 shares during the period. Citigroup Inc. boosted its holdings in shares of Patria Investments by 36.4% during the third quarter. Citigroup Inc. now owns 261,438 shares of the company’s stock worth $3,817,000 after acquiring an additional 69,761 shares during the period. Tudor Investment Corp ET AL boosted its holdings in shares of Patria Investments by 590.3% during the third quarter. Tudor Investment Corp ET AL now owns 230,682 shares of the company’s stock worth $3,368,000 after acquiring an additional 197,265 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Patria Investments by 107.1% during the third quarter. Allianz Asset Management GmbH now owns 290,000 shares of the company’s stock worth $4,234,000 after acquiring an additional 150,000 shares during the period. Institutional investors own 96.27% of the company’s stock.
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.
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