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

Patria Investments Limited (NYSE:PAXGet Free Report) Director Olimpio Matarazzo Neto purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $10.99 per share, with a total value of $164,850.00. Following the purchase, the director owned 30,000 shares of the company’s stock, valued at approximately $329,700. This trade represents a 100.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Friday, May 15th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The stock was bought at an average cost of $11.40 per share, with a total value of $171,000.00.

Patria Investments Trading Down 1.3%

Shares of PAX stock opened at $11.02 on Friday. The stock has a market cap of $733.08 million, a price-to-earnings ratio of 22.04, a PEG ratio of 1.28 and a beta of 0.77. The stock has a 50-day moving average of $12.11 and a 200-day moving average of $14.03. 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 1-year low of $10.72 and a 1-year high of $17.80.

Patria Investments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be paid a $0.1625 dividend. The ex-dividend date of this dividend is Monday, May 18th. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 annualized dividend and a dividend yield of 5.9%. Patria Investments’s payout ratio is currently 144.44%.

Institutional Investors Weigh In On Patria Investments

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in Patria Investments in the third quarter valued at approximately $38,000. State of Wyoming acquired a new stake in Patria Investments in the third quarter valued at approximately $63,000. Advisory Services Network LLC acquired a new stake in Patria Investments in the third quarter valued at approximately $73,000. Kemnay Advisory Services Inc. acquired a new stake in Patria Investments in the fourth quarter valued at approximately $94,000. Finally, Tower Research Capital LLC TRC grew its stake in Patria Investments by 52.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock valued at $115,000 after acquiring an additional 2,818 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Zacks Research cut Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Patria Investments has a consensus rating of “Hold” and an average target price of $17.00.

View Our Latest Stock Analysis on Patria Investments

Patria Investments Company Profile

(Get Free Report)

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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