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

Patria Investments Limited (NYSE:PAX) Director Olimpio Matarazzo Neto bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of $11.50 per share, with a total value of $172,500.00. Following the purchase, the director directly owned 90,000 shares of the company’s stock, valued at approximately $1,035,000. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, May 26th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.31 per share, with a total value of $169,650.00.
• On Wednesday, May 20th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $10.99 per share, with a total value of $164,850.00.
• On Friday, May 15th, Olimpio Matarazzo Neto bought 15,000 shares of Patria Investments stock. The shares were purchased at an average cost of $11.40 per share, with a total value of $171,000.00.

Patria Investments Trading Up 0.5%

Shares of PAX stock opened at $11.65 on Tuesday. The stock has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $13.87. Patria Investments Limited has a fifty-two week low of $10.72 and a fifty-two week high of $17.80. The stock has a market capitalization of $774.99 million, a P/E ratio of 23.30, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Patria Investments Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.1625 per share. This is a positive change from Patria Investments’s previous quarterly dividend of $0.15. This represents a $0.65 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Monday, May 18th. Patria Investments’s dividend payout ratio (DPR) is currently 144.44%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Patria Investments in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on Patria Investments from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, Zacks Research downgraded Patria Investments from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.00.

Institutional Investors Weigh In On Patria Investments

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Patria Investments by 5.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the company’s stock valued at $213,000 after acquiring an additional 700 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Patria Investments by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 38,430 shares of the company’s stock valued at $561,000 after acquiring an additional 875 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Patria Investments by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 93,634 shares of the company’s stock valued at $1,367,000 after acquiring an additional 917 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Patria Investments by 9.2% during the 4th quarter. ProShare Advisors LLC now owns 12,099 shares of the company’s stock valued at $192,000 after acquiring an additional 1,017 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Patria Investments by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,140 shares of the company’s stock valued at $311,000 after acquiring an additional 1,366 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

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.