Patria Investments (NYSE:PAX) Sets New 52-Week Low – Time to Sell?

Patria Investments Limited (NYSE:PAX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $10.72 and last traded at $10.76, with a volume of 683967 shares traded. The stock had previously closed at $11.03.

Analyst Ratings Changes

Several research firms have recently commented on PAX. Zacks Research lowered Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. The Goldman Sachs Group restated a “buy” rating and set a $18.00 price objective on shares of Patria Investments in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. dropped their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Patria Investments presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Patria Investments Trading Up 0.6%

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 stock has a market capitalization of $727.83 million, a price-to-earnings ratio of 21.83, a PEG ratio of 1.28 and a beta of 0.74. The firm has a 50-day moving average of $11.83 and a 200 day moving average of $13.43.

Patria Investments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Monday, May 18th were issued a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.9%. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, May 18th. Patria Investments’s dividend payout ratio is 144.44%.

Insider Buying and Selling at Patria Investments

In related news, Director Olimpio Matarazzo Neto acquired 50,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the director directly owned 235,000 shares in the company, valued at $2,693,100. This trade represents a 27.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought 175,000 shares of company stock worth $1,980,850 in the last quarter. 58.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Patria Investments

Several large investors have recently bought and sold shares of PAX. Pertento Partners LLP lifted its stake in shares of Patria Investments by 19.7% in the 3rd quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock worth $57,991,000 after acquiring an additional 654,966 shares during the period. Zeno Equity Partners LLP bought a new stake in Patria Investments during the fourth quarter worth approximately $9,386,000. Millennium Management LLC lifted 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 worth $21,565,000 after purchasing an additional 492,009 shares during the period. SEB Asset Management AB acquired a new stake in Patria Investments in the first quarter worth approximately $5,465,000. Finally, Renaissance Technologies LLC bought a new position in Patria Investments during the 1st quarter valued at $2,971,000. Institutional investors and hedge funds 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.