Renaissance Technologies LLC Purchases New Position in Patria Investments Limited $PAX

Renaissance Technologies LLC acquired a new position in Patria Investments Limited (NYSE:PAX) during the 1st quarter, HoldingsChannel reports. The fund acquired 235,768 shares of the company’s stock, valued at approximately $2,971,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Patria Investments during the 3rd quarter valued at approximately $73,000. Kemnay Advisory Services Inc. purchased a new stake in Patria Investments during the fourth quarter worth $94,000. Tower Research Capital LLC TRC grew its position in Patria Investments by 52.9% during the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock valued at $115,000 after buying an additional 2,818 shares during the period. State of Wyoming grew its position in Patria Investments by 117.1% during the fourth quarter. State of Wyoming now owns 9,301 shares of the company’s stock valued at $148,000 after buying an additional 5,016 shares during the period. Finally, Cetera Investment Advisers purchased a new position in Patria Investments in the first quarter valued at $152,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PAX shares. Zacks Research upgraded shares of Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. The Goldman Sachs Group restated a “buy” rating and issued a $18.00 price target on shares of Patria Investments in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

Insider Transactions at Patria Investments

In related news, Director Olimpio Matarazzo Neto bought 50,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were acquired at an average price of $11.46 per share, for a total transaction of $573,000.00. Following the completion of the transaction, the director directly owned 235,000 shares in the company, valued at $2,693,100. This trade represents a 27.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 175,000 shares of company stock worth $1,980,850 over the last quarter. Company insiders own 58.10% of the company’s stock.

Patria Investments Trading Up 2.7%

Shares of NYSE:PAX opened at $11.53 on Friday. Patria Investments Limited has a 1 year low of $10.55 and a 1 year high of $17.80. The firm has a market capitalization of $767.01 million, a price-to-earnings ratio of 23.06, 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 current ratio of 0.91 and a quick ratio of 0.91. The business’s 50 day moving average price is $11.16 and its 200-day moving average price is $12.30.

Patria Investments Dividend Announcement

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

About Patria Investments

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.