Patria Investments (NYSE:PAX) Reaches New 52-Week Low – What’s Next?

Patria Investments Limited (NYSE:PAX) shares reached a new 52-week low during trading on Monday . The stock traded as low as $10.42 and last traded at $10.4590, with a volume of 155099 shares trading hands. The stock had previously closed at $10.62.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company set a $10.00 price objective on shares of Patria Investments in a report on Wednesday, September 9th. Citigroup lowered shares of Patria Investments to an “underperform” rating in a research report on Wednesday, September 9th. Zacks Research upgraded shares of Patria Investments from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Bank of America downgraded Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a report on Wednesday, September 9th. Finally, JPMorgan Chase & Co. dropped their price target on Patria Investments from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $12.75.

Patria Investments Stock Performance

The firm has a market capitalization of $681.20 million, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average is $11.15 and its two-hundred day moving average is $11.61.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, August 10th were given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, August 10th. Patria Investments’s payout ratio is presently 147.73%.

Insider Buying and Selling

In related news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total value of $79,075.16. Following the completion of the transaction, the insider owned 443,178 shares of the company’s stock, valued at approximately $5,003,479.62. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 58.10% of the company’s stock.

Hedge Funds Weigh In On Patria Investments

Several institutional investors and hedge funds have recently made changes to their positions in PAX. Integrated Wealth Concepts LLC bought a new stake in shares of Patria Investments in the second quarter worth $27,000. Squarepoint Ops LLC acquired a new position in Patria Investments during the 2nd quarter worth $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Patria Investments in the 2nd quarter worth about $227,000. AXQ Capital LP bought a new stake in shares of Patria Investments in the 2nd quarter worth about $112,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Patria Investments in the 2nd quarter valued at about $154,000. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is an alternative asset management firm focused on investment opportunities in Latin America and other emerging markets. The company serves institutional investors, family offices, sovereign wealth funds and other clients seeking exposure to private-market investments.

Patria manages a range of investment strategies, including private equity, infrastructure, credit, growth capital, venture capital and real estate. Its activities include raising and managing investment funds, identifying opportunities, providing capital to businesses and projects, and supporting portfolio companies through operational and strategic initiatives.

Founded in Brazil in 1988, Patria has expanded its operations across Latin America and maintains a broader international presence to serve global investors.