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

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

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their price target on Patria Investments from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, September 10th. Citigroup cut shares of Patria Investments to an “underperform” rating in a research note on Wednesday, September 9th. Bank of America downgraded shares of Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a report on Wednesday, September 9th. Finally, Wells Fargo & Company set a $10.00 target price on shares of Patria Investments in a report on Wednesday, September 9th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Patria Investments presently has an average rating of “Reduce” and a consensus price target of $12.75.

Patria Investments Stock Down 2.3%

Shares of PAX stock opened at $10.24 on Monday. The stock’s 50 day simple moving average is $11.15 and its 200 day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Patria Investments has a twelve month low of $10.23 and a twelve month high of $17.80. The company has a market capitalization of $681.20 million, a price-to-earnings ratio of 20.48, a PEG ratio of 1.28 and a beta of 0.76.

Insider Transactions at Patria Investments

In other Patria Investments news, CEO of Global Private Markets Marco D’Ippolito sold 7,004 shares of Patria Investments stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.29, for a total value of $79,075.16. Following the transaction, the insider directly owned 443,178 shares of the company’s stock, valued at $5,003,479.62. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 58.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Patria Investments

Hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new position in shares of Patria Investments during the 2nd quarter worth about $27,000. Squarepoint Ops LLC acquired a new position in shares of Patria Investments during the second quarter valued at about $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Patria Investments in the second quarter valued at about $227,000. AXQ Capital LP bought a new stake in shares of Patria Investments in the second quarter valued at about $112,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Patria Investments during the second quarter worth about $154,000. 96.27% of the stock is owned by institutional investors.

About Patria Investments

Patria Investments Limited (NYSE: PAX) is an alternative asset management firm focused on investment opportunities in Latin America and other emerging markets. The company serves institutional investors, family offices, sovereign wealth funds and other clients seeking exposure to private-market investments.

Patria manages a range of investment strategies, including private equity, infrastructure, credit, growth capital, venture capital and real estate. Its activities include raising and managing investment funds, identifying opportunities, providing capital to businesses and projects, and supporting portfolio companies through operational and strategic initiatives.

Founded in Brazil in 1988, Patria has expanded its operations across Latin America and maintains a broader international presence to serve global investors.