Olimpio Matarazzo Neto Buys 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 that occurred on Wednesday, May 20th. The stock was purchased at an average price of $10.99 per share, for a total transaction of $164,850.00. Following the transaction, the director owned 30,000 shares of the company’s stock, valued at $329,700. The trade was a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The stock was purchased at an average price of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Stock Performance

NYSE PAX traded down $0.15 during trading hours on Friday, reaching $11.02. The stock had a trading volume of 540,034 shares, compared to its average volume of 969,404. The stock has a fifty day moving average of $12.11 and a 200 day moving average of $14.03. The stock has a market cap of $733.08 million, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77. Patria Investments Limited has a 52-week low of $10.72 and a 52-week high of $17.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Patria Investments Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be given a $0.1625 dividend. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, May 18th. Patria Investments’s payout ratio is currently 144.44%.

Institutional Investors Weigh In On Patria Investments

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in 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 purchasing an additional 6,865 shares in the last quarter. Royal Bank of Canada boosted its position in Patria Investments by 3,747.6% in the 1st quarter. Royal Bank of Canada now owns 68,218 shares of the company’s stock worth $860,000 after purchasing an additional 66,445 shares in the last quarter. Entropy Technologies LP purchased a new stake in Patria Investments in the 1st quarter worth approximately $327,000. Renaissance Technologies LLC purchased a new stake in Patria Investments in the 1st quarter worth approximately $2,971,000. Finally, Globeflex Capital L P boosted its position in Patria Investments by 12.4% in the 1st quarter. Globeflex Capital L P now owns 298,500 shares of the company’s stock worth $3,761,000 after purchasing an additional 32,947 shares in the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Analyst Ratings Changes

PAX has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Finally, Zacks Research lowered Patria Investments from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Patria Investments presently has a consensus rating of “Hold” and a consensus target price of $17.00.

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.