Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Acquires 15,000 Shares of Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto purchased 15,000 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $10.99 per share, for a total transaction of $164,850.00. Following the completion of the acquisition, the director directly owned 30,000 shares of the company’s stock, valued at $329,700. This represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Olimpio Matarazzo Neto also recently made the following trade(s):

• On Friday, May 15th, Olimpio Matarazzo Neto purchased 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Stock Performance

Shares of NYSE PAX opened at $11.02 on Friday. The company’s fifty day moving average price is $12.11 and its 200 day moving average price is $14.03. Patria Investments Limited has a 1 year low of $10.72 and a 1 year high of $17.80. The company has a market capitalization of $733.08 million, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors 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 yield of 5.9%. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, May 18th. Patria Investments’s payout ratio is currently 144.44%.

Wall Street Analyst Weigh In

PAX has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 price target on shares of Patria Investments in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. decreased their price objective 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. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

Hedge Funds Weigh In On Patria Investments

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in Patria Investments during the third quarter valued at $38,000. State of Wyoming purchased a new position in Patria Investments during the third quarter valued at $63,000. Advisory Services Network LLC purchased a new position in Patria Investments during the third quarter valued at $73,000. Kemnay Advisory Services Inc. purchased a new position in Patria Investments during the fourth quarter valued at $94,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 2,818 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

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.