Insider Buying: Patria Investments (NYSE:PAX) Director Purchases $169,650.00 in Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto acquired 15,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $11.31 per share, for a total transaction of $169,650.00. Following the completion of the transaction, the director owned 60,000 shares in the company, valued at approximately $678,600. This represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, May 20th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $10.99 per share, for a total transaction of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Stock Up 1.4%

PAX stock opened at $11.59 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 has a market cap of $771.00 million, a P/E ratio of 23.18, a PEG ratio of 1.28 and a beta of 0.77. The business’s 50-day moving average price is $12.11 and its 200-day moving average price is $13.90.

Patria Investments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Monday, May 18th will be paid a dividend of $0.1625 per share. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, May 18th. This represents a $0.65 annualized dividend and a yield of 5.6%. Patria Investments’s dividend payout ratio is 144.44%.

Institutional Trading of Patria Investments

A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its stake 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 acquiring an additional 6,865 shares during the last quarter. Royal Bank of Canada increased its stake 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 acquiring an additional 66,445 shares during the last quarter. Entropy Technologies LP bought a new stake in Patria Investments in the 1st quarter worth approximately $327,000. Renaissance Technologies LLC bought a new stake in Patria Investments in the 1st quarter worth approximately $2,971,000. Finally, Globeflex Capital L P increased its stake 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 acquiring an additional 32,947 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Wall Street Analysts Forecast Growth

PAX has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. JPMorgan Chase & Co. decreased their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Finally, Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.