Patria Investments Limited (NYSE:PAX – Get Free Report)’s stock price hit a new 52-week low on Monday. The company traded as low as $9.85 and last traded at $10.0820, with a volume of 119,591 shares trading hands. The stock had previously closed at $11.74.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on PAX shares. Citigroup cut shares of Patria Investments to an “underperform” rating in a research note on Wednesday, September 9th. Zacks Research lowered Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Monday, September 14th. Bank of America cut Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 target price on the stock. in a report on Wednesday, September 9th. JPMorgan Chase & Co. cut their price target on Patria Investments from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, September 10th. Finally, Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $12.75.
Read Our Latest Report on Patria Investments
Patria Investments Price Performance
The stock has a market capitalization of $639.62 million, a P/E ratio of 19.25, a PEG ratio of 1.28 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $11.06 and a two-hundred day simple moving average of $11.39.
Insider Activity
In other Patria Investments news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the company’s 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 transaction, the insider directly owned 443,178 shares in the company, valued at $5,003,479.62. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 58.10% of the company’s stock.
Institutional Trading of Patria Investments
Several large investors have recently bought and sold shares of PAX. AdvisorNet Financial Inc increased its holdings in Patria Investments by 58.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 28,765 shares of the company’s stock worth $292,000 after purchasing an additional 10,580 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Patria Investments during the second quarter worth $27,000. Squarepoint Ops LLC bought a new stake in Patria Investments in the second quarter worth approximately $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Patria Investments in the second quarter worth $227,000. Finally, AXQ Capital LP acquired a new stake in shares of Patria Investments in the 2nd quarter valued at about $112,000. 96.27% of the stock is owned by institutional investors and hedge funds.
About Patria Investments
Patria Investments (NYSE: PAX) is a global alternative asset management firm focused on investing in private markets. The company manages capital on behalf of institutional investors, family offices, and other clients through strategies that include private equity, infrastructure, credit, growth capital, venture capital, and real estate.
Founded in Brazil in 1988, Patria has developed extensive experience investing in Latin America and has expanded its platform to serve clients and pursue opportunities across North America, Europe, and other international markets.
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