Zeno Equity Partners LLP Acquires Shares of 590,698 Patria Investments Limited $PAX

Zeno Equity Partners LLP acquired a new stake in shares of Patria Investments Limited (NYSE:PAX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 590,698 shares of the company’s stock, valued at approximately $9,386,000. Patria Investments makes up 3.7% of Zeno Equity Partners LLP’s investment portfolio, making the stock its 9th biggest holding. Zeno Equity Partners LLP owned 0.89% of Patria Investments at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in Patria Investments by 5.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the company’s stock valued at $213,000 after purchasing an additional 700 shares in the last quarter. Legal & General Group Plc increased its stake in Patria Investments by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 38,430 shares of the company’s stock valued at $561,000 after purchasing an additional 875 shares in the last quarter. Rhumbline Advisers increased its stake in Patria Investments by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 93,634 shares of the company’s stock valued at $1,367,000 after purchasing an additional 917 shares in the last quarter. ProShare Advisors LLC increased its stake in Patria Investments by 9.2% during the 4th quarter. ProShare Advisors LLC now owns 12,099 shares of the company’s stock valued at $192,000 after purchasing an additional 1,017 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Patria Investments by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock valued at $311,000 after purchasing an additional 1,366 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Stock Performance

Shares of NYSE PAX opened at $11.02 on Monday. The firm’s 50-day moving average price is $12.11 and its 200-day moving average price is $14.02. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $733.08 million, a PE ratio of 22.04, a PEG ratio of 1.28 and a beta of 0.77. Patria Investments Limited has a 52-week low of $10.72 and a 52-week high of $17.80.

Patria Investments Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, May 18th. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s payout ratio is 144.44%.

Analyst Ratings Changes

PAX has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Patria Investments in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Finally, Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Insider Activity

In related news, Director Olimpio Matarazzo Neto purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $10.99 per share, with a total value of $164,850.00. Following the acquisition, the director directly owned 30,000 shares in the company, valued at $329,700. The trade was a 100.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 58.10% of the stock is currently owned by insiders.

Patria Investments Company Profile

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.