Insider Buying: Patria Investments (NYSE:PAX) Director Acquires 50,000 Shares of Stock

Patria Investments Limited (NYSE:PAXGet Free Report) Director Olimpio Matarazzo Neto purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of $11.46 per share, with a total value of $573,000.00. Following the completion of the acquisition, the director directly owned 235,000 shares of the company’s stock, valued at $2,693,100. This represents a 27.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, June 3rd, Olimpio Matarazzo Neto purchased 50,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.12 per share, with a total value of $556,000.00.
  • On Monday, June 1st, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.59 per share, with a total value of $173,850.00.
  • On Thursday, May 28th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.50 per share, with a total value of $172,500.00.
  • On Tuesday, May 26th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were purchased at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost of $11.40 per share, with a total value of $171,000.00.

Patria Investments Price Performance

Patria Investments stock traded down $0.36 during mid-day trading on Friday, reaching $11.15. The company had a trading volume of 753,321 shares, compared to its average volume of 972,891. Patria Investments Limited has a 1 year low of $10.72 and a 1 year 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 market capitalization of $741.73 million, a P/E ratio of 22.30, a P/E/G ratio of 1.28 and a beta of 0.74. The stock’s 50-day simple moving average is $12.11 and its 200-day simple moving average is $13.78.

Patria Investments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.8%. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, May 18th. Patria Investments’s dividend payout ratio is 144.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PAX shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a report on Friday, April 24th. Zacks Research cut shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their target price 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Patria Investments currently has an average rating of “Hold” and an average target price of $17.00.

Read Our Latest Analysis on PAX

Institutional Trading of Patria Investments

Several large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Patria Investments by 2.9% in the first quarter. Bank of America Corp DE now owns 246,552 shares of the company’s stock valued at $3,107,000 after purchasing an additional 6,865 shares during the last quarter. Royal Bank of Canada grew its position in shares of Patria Investments by 3,747.6% in the first quarter. Royal Bank of Canada now owns 68,218 shares of the company’s stock valued at $860,000 after purchasing an additional 66,445 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Patria Investments in the first quarter valued at approximately $327,000. Renaissance Technologies LLC acquired a new stake in shares of Patria Investments in the first quarter valued at approximately $2,971,000. Finally, Globeflex Capital L P grew its position in shares of Patria Investments by 12.4% in the first quarter. Globeflex Capital L P now owns 298,500 shares of the company’s stock valued at $3,761,000 after purchasing an additional 32,947 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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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