Point72 Asset Management L.P. Makes New Investment in Patria Investments Limited (NYSE:PAX)

Point72 Asset Management L.P. bought a new position in Patria Investments Limited (NYSE:PAX) in the first quarter, HoldingsChannel reports. The fund bought 2,414,122 shares of the company’s stock, valued at approximately $42,054,000.

Other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Patria Investments during the 1st quarter valued at about $33,000. Group One Trading L.P. bought a new position in shares of Patria Investments during the 1st quarter valued at approximately $60,000. JPMorgan Chase & Co. bought a new position in shares of Patria Investments during the 1st quarter valued at approximately $179,000. Quantitative Systematic Strategies LLC bought a new position in shares of Patria Investments during the 1st quarter valued at approximately $197,000. Finally, Davidson Kempner Capital Management LP bought a new position in shares of Patria Investments during the 1st quarter valued at approximately $263,000.

A number of research analysts recently issued reports on the company. Itau BBA Securities began coverage on Patria Investments in a research note on Friday, May 21st. They set an “outperform” rating and a $21.00 price objective for the company. Credit Suisse Group upped their price target on Patria Investments from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, May 21st. Finally, Zacks Investment Research downgraded Patria Investments from a “hold” rating to a “sell” rating in a research note on Thursday, June 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Patria Investments has a consensus rating of “Hold” and a consensus price target of $23.83.

NYSE:PAX opened at $16.14 on Thursday. The firm’s fifty day moving average is $16.50. Patria Investments Limited has a fifty-two week low of $13.40 and a fifty-two week high of $23.28. The stock has a market cap of $835.25 million and a price-to-earnings ratio of 31.04.

Patria Investments (NYSE:PAX) last released its earnings results on Thursday, May 20th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The business had revenue of $30.61 million during the quarter, compared to analyst estimates of $29.76 million. On average, equities analysts forecast that Patria Investments Limited will post 0.88 EPS for the current year.

The company also recently declared a — dividend, which was paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd were paid a dividend of $0.106 per share. The ex-dividend date was Tuesday, June 1st. This represents a dividend yield of 2.7%. Patria Investments’s dividend payout ratio is currently 80.77%.

Patria Investments Company Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.

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Institutional Ownership by Quarter for Patria Investments (NYSE:PAX)

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