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

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 15,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $11.40 per share, for a total transaction of $171,000.00. Following the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at approximately $171,000. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was bought at an average price of $10.99 per share, for a total transaction of $164,850.00.

Patria Investments Stock Down 1.3%

PAX stock opened at $11.02 on Friday. Patria Investments Limited has a twelve month low of $10.72 and a twelve month high of $17.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $12.11 and its 200-day moving average is $14.03. The firm has a market capitalization of $733.08 million, a PE ratio of 22.04, a P/E/G ratio of 1.28 and a beta of 0.77.

Patria Investments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, May 18th. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.9%. Patria Investments’s dividend payout ratio (DPR) is 144.44%.

Institutional Trading of Patria Investments

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its position in shares of Patria Investments by 5.0% during the third quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the company’s stock valued at $213,000 after acquiring an additional 700 shares during the last quarter. Legal & General Group Plc increased its position in Patria Investments by 2.3% in the third 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 last quarter. Rhumbline Advisers increased its position in Patria Investments by 1.0% in the third 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 last quarter. ProShare Advisors LLC increased its position in 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 last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Patria Investments by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock worth $311,000 after buying an additional 1,366 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on PAX shares. Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Patria Investments in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. decreased their price target on Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

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.