Patria Investments (NYSE:PAX) Director Olimpio Matarazzo Neto Purchases 50,000 Shares

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 50,000 shares of the stock in a transaction dated Friday, June 5th. The shares were acquired at an average cost of $11.46 per share, for a total transaction of $573,000.00. Following the completion of the acquisition, the director directly owned 235,000 shares of the company’s stock, valued at approximately $2,693,100. This trade represents a 27.03% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, June 3rd, Olimpio Matarazzo Neto bought 50,000 shares of Patria Investments stock. The shares were acquired at an average cost of $11.12 per share, for a total transaction of $556,000.00.
• On Monday, June 1st, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average cost of $11.59 per share, for a total transaction of $173,850.00.
• On Thursday, May 28th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average cost of $11.50 per share, for a total transaction of $172,500.00.
• On Tuesday, May 26th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average cost of $11.31 per share, for a total transaction of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average cost of $10.99 per share, for a total transaction of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were acquired at an average cost of $11.40 per share, for a total transaction of $171,000.00.

Patria Investments Stock Down 3.1%

Shares of PAX opened at $11.15 on Friday. Patria Investments Limited has a 12 month low of $10.72 and a 12 month high of $17.80. The firm’s 50 day moving average is $12.11 and its 200-day moving average is $13.78. The stock has a market capitalization of $741.73 million, a PE ratio of 22.30, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.1625 per share. This is a boost from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, May 18th. Patria Investments’s payout ratio is 144.44%.

Institutional Trading of Patria Investments

A number of hedge funds have recently added to or reduced their stakes in the stock. Pertento Partners LLP boosted its position in Patria Investments by 12.9% in the fourth quarter. Pertento Partners LLP now owns 4,483,299 shares of the company’s stock valued at $71,240,000 after buying an additional 511,327 shares in the last quarter. Samlyn Capital LLC boosted its position in Patria Investments by 3.4% in the third quarter. Samlyn Capital LLC now owns 1,986,266 shares of the company’s stock valued at $28,999,000 after buying an additional 66,161 shares in the last quarter. State Street Corp boosted its position in Patria Investments by 6.4% in the fourth quarter. State Street Corp now owns 1,361,241 shares of the company’s stock valued at $21,631,000 after buying an additional 82,067 shares in the last quarter. Millennium Management LLC boosted its position in Patria Investments by 56.9% in the fourth quarter. Millennium Management LLC now owns 1,357,116 shares of the company’s stock valued at $21,565,000 after buying an additional 492,009 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Patria Investments by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 853,986 shares of the company’s stock valued at $13,570,000 after buying an additional 19,133 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAX. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 price objective on shares of Patria Investments in a research note on Friday, April 24th. JPMorgan Chase & Co. decreased their price objective on shares of 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 cut shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. 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. According to MarketBeat, Patria Investments currently has an average rating of “Hold” and an average 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.