Insider Selling: Patria Investments (NYSE:PAX) CEO Sells $79,075.16 in Stock

Patria Investments Limited (NYSE:PAXGet Free Report) CEO Marco Nicola D’ippolito sold 7,004 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $11.29, for a total transaction of $79,075.16. Following the completion of the transaction, the chief executive officer directly owned 443,178 shares of the company’s stock, valued at approximately $5,003,479.62. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Patria Investments Stock Down 1.5%

PAX stock opened at $11.60 on Thursday. 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 stock has a market capitalization of $771.67 million, a P/E ratio of 23.20, a P/E/G ratio of 1.28 and a beta of 0.76. Patria Investments Limited has a fifty-two week low of $10.55 and a fifty-two week high of $17.80. The business has a 50-day moving average of $11.15 and a 200-day moving average of $11.89.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, August 10th will be given a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, August 10th. Patria Investments’s payout ratio is currently 147.73%.

Hedge Funds Weigh In On Patria Investments

Large investors have recently modified their holdings of the stock. SEB Asset Management AB acquired a new stake in Patria Investments during the 1st quarter worth approximately $5,465,000. Y Intercept Hong Kong Ltd acquired a new position in Patria Investments in the 1st quarter valued at $1,197,000. Renaissance Technologies LLC acquired a new position in Patria Investments in the 1st quarter valued at $2,971,000. Hussman Strategic Advisors Inc. bought a new position in Patria Investments during the 4th quarter worth $667,000. Finally, Globeflex Capital L P increased its position in Patria Investments by 36.9% during the 4th quarter. Globeflex Capital L P now owns 265,553 shares of the company’s stock worth $4,220,000 after buying an additional 71,625 shares during the period. 96.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Patria Investments from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Patria Investments presently has an average rating of “Hold” and an average price target of $17.00.

Check Out Our Latest Report on PAX

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.

Recommended Stories

Insider Buying and Selling by Quarter for Patria Investments (NYSE:PAX)

Receive News & Ratings for Patria Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patria Investments and related companies with MarketBeat.com's FREE daily email newsletter.