Patria Investments (NYSE:PAX) Hits New 52-Week Low – Time to Sell?

Patria Investments Limited (NYSE:PAX) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $9.90 and last traded at $9.8970, with a volume of 502549 shares traded. The stock had previously closed at $10.06.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PAX shares. Bank of America lowered Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 target price for the company. in a report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. Citigroup cut shares of Patria Investments to an “underperform” rating in a report on Wednesday, September 9th. Finally, Wells Fargo & Company set a $10.00 price objective on shares of Patria Investments in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $12.75.

Patria Investments Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $10.96 and a two-hundred day simple moving average of $11.43. The company has a market cap of $675.21 million, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76.

Patria Investments Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, August 10th were issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, August 10th. Patria Investments’s dividend payout ratio is 147.73%.

Insider Transactions at Patria Investments

In other Patria Investments news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $11.29, for a total transaction of $79,075.16. Following the completion of the transaction, the insider owned 443,178 shares of the company’s stock, valued at approximately $5,003,479.62. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 58.10% of the company’s stock.

Institutional Investors Weigh In On Patria Investments

Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in Patria Investments in the second quarter valued at approximately $27,000. AXQ Capital LP acquired a new position in shares of Patria Investments during the 2nd quarter valued at $112,000. Cetera Investment Advisers purchased a new stake in Patria Investments during the 1st quarter worth $152,000. Public Employees Retirement System of Ohio purchased a new position in Patria Investments in the second quarter valued at about $154,000. Finally, ProShare Advisors LLC boosted its position in shares of Patria Investments by 9.2% in the fourth 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. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments Limited (NYSE: PAX) is an alternative asset management firm focused on investment opportunities in Latin America and other emerging markets. The company serves institutional investors, family offices, sovereign wealth funds and other clients seeking exposure to private-market investments.

Patria manages a range of investment strategies, including private equity, infrastructure, credit, growth capital, venture capital and real estate. Its activities include raising and managing investment funds, identifying opportunities, providing capital to businesses and projects, and supporting portfolio companies through operational and strategic initiatives.

Founded in Brazil in 1988, Patria has expanded its operations across Latin America and maintains a broader international presence to serve global investors.