Inspire Investing LLC grew its position in shares of Patria Investments Limited (NYSE:PAX – Free Report) by 77.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 143,727 shares of the company’s stock after buying an additional 62,652 shares during the quarter. Inspire Investing LLC’s holdings in Patria Investments were worth $1,811,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of Patria Investments by 234.2% in the 1st quarter. AQR Capital Management LLC now owns 43,789 shares of the company’s stock valued at $494,000 after purchasing an additional 30,688 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Patria Investments by 8.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company’s stock worth $388,000 after buying an additional 2,740 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Patria Investments during the first quarter worth approximately $153,000. Rhumbline Advisers increased its position in Patria Investments by 12.7% during the second quarter. Rhumbline Advisers now owns 92,717 shares of the company’s stock worth $1,304,000 after buying an additional 10,442 shares during the period. Finally, American Century Companies Inc. increased its position in Patria Investments by 338.0% during the second quarter. American Century Companies Inc. now owns 172,754 shares of the company’s stock worth $2,429,000 after buying an additional 133,313 shares during the period. Institutional investors and hedge funds own 96.27% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PAX. Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price target on shares of Patria Investments in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target 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 company’s stock. Based on data from MarketBeat.com, Patria Investments presently has an average rating of “Hold” and a consensus target price of $17.00.
Insider Buying and Selling
In other news, Director Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock in a transaction dated Friday, June 5th. The stock was bought at an average price of $11.46 per share, for a total transaction of $573,000.00. Following the purchase, the director owned 235,000 shares of the company’s stock, valued at approximately $2,693,100. The trade was a 27.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have acquired 175,000 shares of company stock worth $1,980,850. 58.10% of the stock is currently owned by corporate insiders.
Patria Investments Price Performance
Patria Investments stock opened at $10.98 on Wednesday. Patria Investments Limited has a 12 month low of $10.56 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 business has a 50 day simple moving average of $11.69 and a 200-day simple moving average of $13.32. The stock has a market capitalization of $730.42 million, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.
Patria Investments Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Monday, May 18th were given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, May 18th. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s payout ratio is currently 144.44%.
Patria Investments 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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