Capital Research Global Investors Sells 511,060 Shares of Patria Investments Limited $PAX

Capital Research Global Investors trimmed its holdings in Patria Investments Limited (NYSE:PAX) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,210,843 shares of the company’s stock after selling 511,060 shares during the period. Capital Research Global Investors owned about 13.85% of Patria Investments worth $134,478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PAX. Principal Financial Group Inc. bought a new stake in shares of Patria Investments during the third quarter worth $1,104,000. Mizuho Markets Americas LLC bought a new stake in Patria Investments in the 3rd quarter valued at $21,900,000. Citigroup Inc. lifted its position in Patria Investments by 36.4% in the 3rd quarter. Citigroup Inc. now owns 261,438 shares of the company’s stock valued at $3,817,000 after acquiring an additional 69,761 shares in the last quarter. Geode Capital Management LLC boosted its stake in Patria Investments by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 830,278 shares of the company’s stock worth $11,674,000 after purchasing an additional 75,699 shares during the period. Finally, Inherent Management Corp. boosted its stake in Patria Investments by 21.3% in the 2nd quarter. Inherent Management Corp. now owns 1,466,831 shares of the company’s stock worth $20,624,000 after purchasing an additional 258,008 shares during the period. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Stock Up 1.0%

PAX stock opened at $11.96 on Thursday. The company has a market cap of $795.62 million, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.28 and a beta of 0.69. Patria Investments Limited has a twelve month low of $9.43 and a twelve month high of $17.80. The business has a 50 day moving average price of $14.87 and a two-hundred day moving average price of $14.81. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. Patria Investments’s dividend payout ratio (DPR) is currently 113.21%.

Wall Street Analyst Weigh In

Several analysts have issued reports on PAX shares. The Goldman Sachs Group lifted their price target on Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Zacks Research raised Patria Investments from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $20.00.

Patria Investments 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.