Patria Investments (NYSE:PAX) Sets New 1-Year Low – Time to Sell?

Patria Investments Limited (NYSE:PAX) reached a new 52-week low on Tuesday. The stock traded as low as $9.03 and last traded at $9.1550, with a volume of 337,006 shares changing hands. The stock had previously closed at $9.40.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup cut Patria Investments to an “underperform” rating in a research report on Wednesday, September 9th. Wells Fargo & Company set a $10.00 price objective on Patria Investments in a research report on Wednesday, September 9th. Bank of America downgraded Patria Investments from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research note on Wednesday, September 9th. JPMorgan Chase & Co. reduced their target price on shares of Patria Investments from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, September 10th. Finally, Zacks Research lowered shares of Patria Investments from a “hold” rating to a “strong sell” rating in a report on Monday, September 14th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $12.75.

Patria Investments Price Performance

The firm has a 50 day moving average of $10.83 and a 200-day moving average of $11.94. The company has a market cap of $615.67 million, a P/E ratio of 18.53, a P/E/G ratio of 1.28 and a beta of 0.80. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Insider Transactions at Patria Investments

In other 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 shares were sold at an average price of $11.29, for a total transaction of $79,075.16. Following the sale, the insider owned 443,178 shares in the company, valued at $5,003,479.62. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 58.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Patria Investments

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in Patria Investments in the 2nd quarter valued at $27,000. AXQ Capital LP bought a new position in shares of Patria Investments during the 2nd quarter valued at about $112,000. Inscription Capital LLC purchased a new position in shares of Patria Investments during the third quarter valued at about $145,000. Cetera Investment Advisers bought a new stake in shares of Patria Investments in the first quarter worth about $152,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Patria Investments in the second quarter worth about $154,000. Institutional investors own 96.27% of the company’s stock.

About Patria Investments

Patria Investments (NYSE: PAX) is a global alternative asset management firm focused on investing in private markets. The company manages capital on behalf of institutional investors, family offices, and other clients through strategies that include private equity, infrastructure, credit, growth capital, venture capital, and real estate.

Founded in Brazil in 1988, Patria has developed extensive experience investing in Latin America and has expanded its platform to serve clients and pursue opportunities across North America, Europe, and other international markets.