Patria Investments (NYSE:PAX) Downgraded by Bank of America to “Underperform”

Patria Investments (NYSE:PAX) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $10.00 price target on the stock. Bank of America‘s price target would suggest a potential downside of 10.71% from the stock’s current price.

Several other equities research analysts have also commented on the stock. Zacks Research upgraded shares of Patria Investments from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup downgraded shares of Patria Investments to an “underperform” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $13.50.

Patria Investments Stock Up 0.5%

NYSE:PAX opened at $11.20 on Wednesday. Patria Investments has a 1-year low of $10.55 and a 1-year high of $17.80. The company has a 50-day moving average of $11.20 and a 200 day moving average of $11.71. The firm has a market cap of $745.06 million, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Insider Buying and Selling at Patria Investments

In other news, CEO Marco D’Ippolito sold 7,004 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.29, for a total transaction of $79,075.16. Following the transaction, the chief executive officer owned 443,178 shares in the company, valued at $5,003,479.62. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 58.10% of the company’s stock.

Institutional Trading of Patria Investments

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Patria Investments by 5.0% in the third quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the company’s stock worth $213,000 after buying an additional 700 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Patria Investments by 2.3% during the third quarter. Legal & General Group Plc now owns 38,430 shares of the company’s stock valued at $561,000 after buying an additional 875 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Patria Investments by 9.2% during the fourth quarter. ProShare Advisors LLC now owns 12,099 shares of the company’s stock valued at $192,000 after buying an additional 1,017 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Patria Investments by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock valued at $311,000 after acquiring an additional 1,366 shares during the period. Finally, Ethic Inc. increased its position in shares of Patria Investments by 8.3% in the 4th quarter. Ethic Inc. now owns 30,179 shares of the company’s stock valued at $480,000 after acquiring an additional 2,311 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

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.