Olimpio Matarazzo Neto Purchases 15,000 Shares of Patria Investments (NYSE:PAX) Stock

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $11.31 per share, for a total transaction of $169,650.00. Following the completion of the acquisition, the director owned 60,000 shares in the company, valued at $678,600. This represents a 33.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Olimpio Matarazzo Neto also recently made the following trade(s):

• On Wednesday, May 20th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $10.99 per share, with a total value of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto acquired 15,000 shares of Patria Investments stock. The shares were bought at an average cost of $11.40 per share, with a total value of $171,000.00.

Patria Investments Price Performance

PAX stock opened at $11.59 on Friday. The stock has a 50-day moving average price of $12.11 and a two-hundred day moving average price of $13.90. Patria Investments Limited has a 12-month low of $10.72 and a 12-month high of $17.80. 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 market cap of $771.00 million, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77.

Patria Investments Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.1625 per share. This is an increase from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Monday, May 18th. Patria Investments’s payout ratio is 144.44%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PAX shares. Zacks Research lowered shares of Patria Investments from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group reiterated 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 price objective on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. One equities 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, Patria Investments presently has a consensus rating of “Hold” and an average price target of $17.00.

Hedge Funds Weigh In On Patria Investments

A number of hedge funds have recently added to or reduced their stakes in PAX. State of Wyoming acquired a new position in Patria Investments in the third quarter worth $63,000. Advisory Services Network LLC bought a new stake in Patria Investments in the third quarter valued at $73,000. Kemnay Advisory Services Inc. bought a new stake in Patria Investments in the fourth quarter valued at $94,000. Tower Research Capital LLC TRC lifted its stake in Patria Investments by 52.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock valued at $115,000 after buying an additional 2,818 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Patria Investments in the first quarter valued at $152,000. Institutional investors and hedge funds own 96.27% of the company’s stock.

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.