Patria Investments (NYSE:PAX) Downgraded by Zacks Research to Hold

Zacks Research lowered shares of Patria Investments (NYSE:PAX) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Separately, The Goldman Sachs Group lifted their price target on shares of Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Patria Investments Price Performance

Shares of PAX opened at $12.30 on Monday. Patria Investments has a 1-year low of $9.43 and a 1-year high of $17.80. The stock has a market cap of $818.23 million, a PE ratio of 24.60, a P/E/G ratio of 1.28 and a beta of 0.73. The firm has a 50-day simple moving average of $12.90 and a two-hundred day simple moving average of $14.51. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Patria Investments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Friday, February 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Friday, February 20th. Patria Investments’s dividend payout ratio is presently 113.21%.

Institutional Investors Weigh In On Patria Investments

Several large investors have recently added to or reduced their stakes in the business. 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 worth $213,000 after buying an additional 700 shares during the period. 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 worth $561,000 after buying an additional 875 shares during the period. 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 worth $1,367,000 after buying an additional 917 shares during the period. CWM LLC increased its stake in Patria Investments by 12.3% during the 3rd quarter. CWM LLC now owns 8,439 shares of the company’s stock worth $123,000 after buying an additional 923 shares during the period. Finally, 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 worth $192,000 after buying an additional 1,017 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

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.