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

Patria Investments Limited (NYSE:PAXGet Free Report) Director Olimpio Matarazzo Neto bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $11.31 per share, for a total transaction of $169,650.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at $678,600. This trade represents a 33.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were bought at an average price of $10.99 per share, for a total transaction of $164,850.00.
  • On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were bought at an average price of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Stock Down 0.4%

PAX stock traded down $0.05 during midday trading on Thursday, reaching $11.43. 514,435 shares of the company’s stock traded hands, compared to its average volume of 961,600. The company has a market cap of $760.36 million, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.28 and a beta of 0.77. The firm’s fifty day moving average price is $12.10 and its 200-day moving average price is $13.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. Patria Investments Limited has a 52 week low of $10.72 and a 52 week high of $17.80.

Patria Investments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.1625 per share. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, May 18th. This represents a $0.65 dividend on an annualized basis and a yield of 5.7%. Patria Investments’s dividend payout ratio (DPR) is presently 144.44%.

Analyst Ratings Changes

PAX has been the subject of several recent analyst reports. Zacks Research lowered shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. One 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 data from MarketBeat.com, Patria Investments has a consensus rating of “Hold” and a consensus target price of $17.00.

Get Our Latest Report on Patria Investments

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Pertento Partners LLP lifted its holdings in shares of Patria Investments by 19.7% in the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock worth $57,991,000 after buying an additional 654,966 shares in the last quarter. Zeno Equity Partners LLP purchased a new stake in shares of Patria Investments in the fourth quarter worth about $9,386,000. Millennium Management LLC lifted its holdings in shares of Patria Investments by 56.9% in 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 in the last quarter. SEB Asset Management AB purchased a new stake in Patria Investments in the first quarter valued at approximately $5,465,000. Finally, Renaissance Technologies LLC purchased a new stake in Patria Investments in the first quarter valued at approximately $2,971,000. 96.27% of the stock is owned by institutional investors.

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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