Patria Investments (NYSE:PAX) Sets New 1-Year Low – Here’s Why

Patria Investments Limited (NYSE:PAX)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $9.85 and last traded at $10.0820, with a volume of 119,591 shares changing hands. The stock had previously closed at $11.74.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Zacks Research lowered Patria Investments from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. Citigroup downgraded shares of Patria Investments to an “underperform” rating in a research report on Wednesday, September 9th. Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a report on Wednesday, September 9th. Bank of America downgraded Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. dropped their target price on Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Patria Investments presently has an average rating of “Reduce” and an average target price of $12.75.

Patria Investments Price Performance

The firm has a market cap of $633.30 million, a PE ratio of 19.04, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $10.99 and a 200 day moving average price of $12.11.

Insiders Place Their Bets

In other Patria Investments news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of Patria Investments 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 completion of the transaction, the insider owned 443,178 shares in the company, valued at approximately $5,003,479.62. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 58.10% of the company’s stock.

Hedge Funds Weigh In On Patria Investments

Several hedge funds have recently bought and sold shares of PAX. Integrated Wealth Concepts LLC purchased a new stake in shares of Patria Investments during the second quarter worth about $27,000. AXQ Capital LP acquired a new position in Patria Investments in the second quarter valued at $112,000. Cetera Investment Advisers acquired a new stake in Patria Investments in the 1st quarter worth about $152,000. Public Employees Retirement System of Ohio purchased a new stake in Patria Investments in the 2nd quarter valued at about $154,000. Finally, MQS Management LLC purchased a new stake in Patria Investments in the first quarter valued at approximately $210,000. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Company Profile

Patria Investments (NYSE: PAX) is a global alternative asset management firm focused on investing in private markets. The company manages capital on behalf of institutional investors, family offices, and other clients through strategies that include private equity, infrastructure, credit, growth capital, venture capital, and real estate.

Founded in Brazil in 1988, Patria has developed extensive experience investing in Latin America and has expanded its platform to serve clients and pursue opportunities across North America, Europe, and other international markets.