Patria Investments (NYSE:PAX) Stock Rating Upgraded by Zacks Research

Patria Investments (NYSE:PAX) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

PAX has been the subject of a number of other reports. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. JPMorgan Chase & Co. dropped their price target 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. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Patria Investments presently has a consensus rating of “Hold” and an average price target of $17.00.

Patria Investments Trading Up 0.5%

Shares of NYSE PAX opened at $11.14 on Monday. The business has a 50 day simple moving average of $11.22 and a 200 day simple moving average of $12.82. Patria Investments has a 52 week low of $10.56 and a 52 week high of $17.80. The stock has a market cap of $741.07 million, a price-to-earnings ratio of 22.28, a PEG ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91.

Insider Buying and Selling at Patria Investments

In other news, Director Olimpio Matarazzo Neto acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was acquired at an average cost of $11.46 per share, with a total value of $573,000.00. Following the acquisition, the director owned 235,000 shares in the company, valued at approximately $2,693,100. This represents a 27.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 175,000 shares of company stock valued at $1,980,850 in the last ninety days. 58.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Patria Investments

A number of hedge funds have recently bought and sold shares of PAX. Advisory Services Network LLC acquired a new position in shares of Patria Investments during the 3rd quarter worth about $73,000. Kemnay Advisory Services Inc. acquired a new stake in Patria Investments in the 4th quarter valued at approximately $94,000. Tower Research Capital LLC TRC increased its position in Patria Investments by 52.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $115,000 after buying an additional 2,818 shares during the period. State of Wyoming increased its position in 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 buying an additional 5,016 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Patria Investments during the first quarter worth approximately $152,000. 96.27% of the stock is currently owned by 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.