Patria Private Equity Trust (LON:PPET) Reaches New 52-Week High – Here’s Why

Patria Private Equity Trust (LON:PPET)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 642 and last traded at GBX 642, with a volume of 63562 shares changing hands. The stock had previously closed at GBX 630.

Patria Private Equity Trust Stock Performance

The firm has a market cap of £939.09 million and a price-to-earnings ratio of 8.54. The firm has a 50 day moving average price of GBX 607.60.

Patria Private Equity Trust (LON:PPET) last issued its quarterly earnings data on Monday, June 29th. The company reported GBX 1.95 earnings per share for the quarter.

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.