Olimpio Matarazzo Neto Acquires 50,000 Shares of Patria Investments (NYSE:PAX) Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 50,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $11.46 per share, with a total value of $573,000.00. Following the completion of the acquisition, the director owned 235,000 shares of the company’s stock, valued at $2,693,100. This trade represents a 27.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, June 3rd, Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock. The shares were purchased at an average price of $11.12 per share, with a total value of $556,000.00.
• On Monday, June 1st, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average price of $11.59 per share, with a total value of $173,850.00.
• On Thursday, May 28th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average price of $11.50 per share, with a total value of $172,500.00.
• On Tuesday, May 26th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average price of $11.31 per share, with a total value of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average price of $10.99 per share, with a total value of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The stock was bought at an average price of $11.40 per share, with a total value of $171,000.00.

Patria Investments Stock Performance

Shares of PAX opened at $11.15 on Friday. 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 Limited has a one year low of $10.72 and a one year high of $17.80. The company has a 50-day simple moving average of $12.11 and a two-hundred day simple moving average of $13.78. The firm has a market capitalization of $741.73 million, a PE ratio of 22.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.74.

Patria Investments Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Monday, May 18th will be issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 5.8%. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, May 18th. Patria Investments’s dividend payout ratio (DPR) is 144.44%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. Finally, Zacks Research downgraded shares of 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $17.00.

Hedge Funds Weigh In On Patria Investments

A number of institutional investors and hedge funds have recently made changes to their positions in PAX. Pertento Partners LLP increased its stake in shares of Patria Investments by 19.7% during the third quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock valued at $57,991,000 after purchasing an additional 654,966 shares in the last quarter. Zeno Equity Partners LLP bought a new position in shares of Patria Investments during the fourth quarter valued at approximately $9,386,000. Millennium Management LLC increased its stake in shares of Patria Investments by 56.9% during the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock valued at $21,565,000 after purchasing an additional 492,009 shares in the last quarter. SEB Asset Management AB bought a new stake in shares of Patria Investments during the first quarter valued at approximately $5,465,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Patria Investments during the first quarter valued at approximately $2,971,000. Institutional investors own 96.27% of the company’s stock.

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.