Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Patria Investments Limited (NYSE:PAX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 57,900 shares of the company’s stock, valued at approximately $846,000.
Several other large investors have also recently made changes to their positions in PAX. Principal Financial Group Inc. purchased a new stake in shares of Patria Investments during the 3rd quarter worth $1,104,000. Mizuho Markets Americas LLC bought a new position in Patria Investments in the third quarter worth about $21,900,000. Geode Capital Management LLC raised its holdings in Patria Investments by 10.0% in the second quarter. Geode Capital Management LLC now owns 830,278 shares of the company’s stock worth $11,674,000 after purchasing an additional 75,699 shares in the last quarter. Inherent Management Corp. lifted its position in shares of Patria Investments by 21.3% during the second quarter. Inherent Management Corp. now owns 1,466,831 shares of the company’s stock valued at $20,624,000 after buying an additional 258,008 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Patria Investments by 107.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 290,000 shares of the company’s stock valued at $4,234,000 after buying an additional 150,000 shares in the last quarter. 96.27% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on PAX. Zacks Research upgraded shares of Patria Investments from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. The Goldman Sachs Group lifted their price target on shares of Patria Investments from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average target price of $20.00.
Patria Investments Price Performance
Shares of PAX stock opened at $14.00 on Friday. Patria Investments Limited has a fifty-two week low of $9.43 and a fifty-two week high of $17.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $931.32 million, a price-to-earnings ratio of 28.00, a PEG ratio of 1.28 and a beta of 0.69. The stock’s 50-day simple moving average is $15.69 and its 200-day simple moving average is $14.89.
Patria Investments Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, February 20th. Patria Investments’s payout ratio is presently 113.21%.
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.
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