Patria Investments Limited (NYSE:PAX – Get Free Report) Director Olimpio Matarazzo Neto bought 50,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average cost of $11.12 per share, for a total transaction of $556,000.00. Following the acquisition, the director owned 185,000 shares of the company’s stock, valued at approximately $2,057,200. This represents a 37.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at 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 stock was bought at an average price 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 stock was bought at an average price 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 stock was bought at an average price of $11.50 per share, with a total value of $172,500.00.
- On Tuesday, May 26th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average price of $11.31 per share, with a total value of $169,650.00.
- On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average price of $10.99 per share, with a total value of $164,850.00.
- On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average price of $11.40 per share, with a total value of $171,000.00.
Patria Investments Stock Performance
Shares of NYSE PAX opened at $11.15 on Friday. The company has a market cap 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. Patria Investments Limited has a 12 month low of $10.72 and a 12 month high of $17.80. 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 company has a 50-day simple moving average of $12.11 and a 200-day simple moving average of $13.78.
Patria Investments Increases Dividend
Institutional Investors Weigh In On Patria Investments
A number of institutional investors have recently bought and sold shares of PAX. Pertento Partners LLP grew its holdings in Patria Investments by 19.7% in the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock valued at $57,991,000 after purchasing an additional 654,966 shares during the period. Zeno Equity Partners LLP purchased a new stake in Patria Investments during the fourth quarter worth approximately $9,386,000. Millennium Management LLC grew its stake in Patria Investments by 56.9% during the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock worth $21,565,000 after buying an additional 492,009 shares during the period. SEB Asset Management AB purchased a new stake in Patria Investments during the first quarter worth approximately $5,465,000. Finally, Renaissance Technologies LLC purchased a new stake in Patria Investments during the first quarter worth approximately $2,971,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on PAX. The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 price target on shares of Patria Investments in a report on Friday, April 24th. Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lowered their price target 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Patria Investments has an average rating of “Hold” and a consensus target price of $17.00.
View Our Latest Stock Report on Patria Investments
Patria Investments Company Profile
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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