Patria Investments (NYSE:PAX) Sees Strong Trading Volume – What’s Next?

Patria Investments Limited (NYSE:PAX) saw unusually-high trading volume on Monday. 798,912 shares traded hands during trading, a decline of 19% from the previous session’s volume of 989,841 shares. The stock last traded at $11.0570 and had previously closed at $10.21.

Analysts Set New Price Targets

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

Patria Investments Stock Performance

The business has a fifty day moving average of $10.93 and a 200 day moving average of $11.42. The company has a market cap of $745.06 million, a P/E ratio of 22.40, a P/E/G ratio of 1.28 and a beta of 0.80. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, August 10th were issued a $0.1625 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.65 annualized dividend and a yield of 5.8%. Patria Investments’s dividend payout ratio is 147.73%.

Insider Buying and Selling

In other news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.29, for a total value of $79,075.16. Following the completion of the sale, the insider directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 58.10% of the company’s stock.

Hedge Funds Weigh In On Patria Investments

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SEB Asset Management AB purchased a new stake in Patria Investments in the first quarter worth about $5,465,000. Globeflex Capital L P grew its holdings in shares of Patria Investments by 12.4% during the 1st quarter. Globeflex Capital L P now owns 298,500 shares of the company’s stock worth $3,761,000 after acquiring an additional 32,947 shares during the period. Bank of America Corp DE raised its position in shares of Patria Investments by 2.9% in the 1st quarter. Bank of America Corp DE now owns 246,552 shares of the company’s stock worth $3,107,000 after acquiring an additional 6,865 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Patria Investments in the 1st quarter worth approximately $2,971,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Patria Investments in the 2nd quarter valued at approximately $1,991,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments Limited is an alternative investment firm focused on opportunities in emerging markets, with a longstanding emphasis on Latin America. The company manages capital for institutional investors, family offices and other clients across a range of private-market strategies.

Its investment platform includes private equity, infrastructure, credit, growth and venture capital, real estate, and public-market strategies. Patria seeks to invest in businesses and assets across sectors such as financial services, healthcare, logistics, technology, energy and utilities, while supporting portfolio companies through operational and strategic expertise.

Founded in 1988, Patria has expanded its presence across Latin America and other emerging markets, with offices and investment activities in countries including Brazil, Chile, Colombia, Mexico and Peru, as well as operations in North America and Europe.