Patria Investments (NYSE:PAX) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Patria Investments (NYSE:PAX) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports 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 research 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 report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Patria Investments presently has an average rating of “Hold” and a consensus target price of $17.00.

Patria Investments Trading Up 0.5%

NYSE PAX opened at $11.14 on Monday. The company’s 50-day moving average price is $11.22 and its 200-day moving average price is $12.82. 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 market cap of $741.07 million, a PE ratio of 22.28, a PEG ratio of 1.28 and a beta of 0.74. Patria Investments has a 12 month low of $10.56 and a 12 month high of $17.80.

Patria Investments Increases Dividend

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

Insider Activity

In other news, Director Olimpio Matarazzo Neto purchased 50,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $11.46 per share, for a total transaction of $573,000.00. Following the completion of the purchase, the director owned 235,000 shares in the company, valued at approximately $2,693,100. This represents a 27.03% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders acquired 175,000 shares of company stock worth $1,980,850. 58.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Patria Investments

A number of hedge funds have recently added to or reduced their stakes in PAX. Advisory Services Network LLC bought a new position in Patria Investments during the 3rd quarter worth about $73,000. Kemnay Advisory Services Inc. bought a new stake in shares of Patria Investments in the 4th quarter valued at about $94,000. Tower Research Capital LLC TRC raised its holdings in shares of Patria Investments by 52.9% in the 2nd 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. State of Wyoming lifted its position in shares of Patria Investments by 117.1% in the 4th quarter. State of Wyoming now owns 9,301 shares of the company’s stock worth $148,000 after purchasing an additional 5,016 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Patria Investments in the 1st quarter worth approximately $152,000. 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.