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

Patria Investments Limited (NYSE:PAX)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.56 and last traded at $10.75, with a volume of 1222169 shares traded. The stock had previously closed at $10.99.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. lowered their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $18.00 price target on shares of Patria Investments in a report on Friday, April 24th. Finally, Zacks Research cut Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.00.

Patria Investments Stock Up 0.2%

The company has a market cap of $731.75 million, a price-to-earnings ratio of 22.00, a PEG ratio of 1.28 and a beta of 0.74. The business has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $13.29. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Monday, May 18th were issued a dividend of $0.1625 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.65 annualized dividend and a dividend yield of 5.9%. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. Patria Investments’s payout ratio is currently 144.44%.

Insider Transactions at Patria Investments

In other Patria Investments news, Director Olimpio Matarazzo Neto purchased 50,000 shares of the stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of $11.46 per share, with a total value of $573,000.00. Following the completion of the transaction, the director owned 235,000 shares in the company, valued at $2,693,100. This trade represents a 27.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 175,000 shares of company stock worth $1,980,850 in the last three months. 58.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Patria Investments

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Patria Investments in the 3rd quarter worth $73,000. Kemnay Advisory Services Inc. bought a new position in shares of Patria Investments during the 4th quarter worth about $94,000. Tower Research Capital LLC TRC raised its position in shares of 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 last quarter. State of Wyoming raised its position in shares of 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 last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Patria Investments in the first quarter valued at about $152,000. 96.27% of the stock is currently owned by institutional investors and hedge funds.

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.