Patria Private Equity Trust (LON:PPET) Stock Price Up 0.7% – Here’s What Happened

Patria Private Equity Trust (LON:PPET) rose 0.7% during mid-day trading on Thursday . The company traded as high as GBX 608 and last traded at GBX 606. Approximately 621,209 shares were traded during trading, an increase of 29% from the average daily volume of 481,457 shares. The stock had previously closed at GBX 602.

Patria Private Equity Trust Stock Performance

The company’s fifty day moving average price is GBX 587.49. The company has a market capitalization of £881.42 million and a PE ratio of 8.00.

Insider Transactions at Patria Private Equity Trust

In related news, insider Dugald Agble purchased 1,800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were purchased at an average price of GBX 614 per share, with a total value of £11,052. Also, insider Duncan Budge purchased 6,922 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were bought at an average cost of GBX 575 per share, for a total transaction of £39,801.50. In the last ninety days, insiders have bought 21,726 shares of company stock worth $13,042,043. Insiders own 1.57% of the company’s stock.

Patria Private Equity Trust Company Profile

Patria Private Equity Trust plc (LON:PPET) is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust’s principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.