Principal Financial Group Inc. Has $2.04 Million Stock Holdings in Patria Investments Limited $PAX

Principal Financial Group Inc. increased its holdings in shares of Patria Investments Limited (NYSE:PAX) by 46.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 162,091 shares of the company’s stock after purchasing an additional 51,620 shares during the period. Principal Financial Group Inc. owned 0.24% of Patria Investments worth $2,042,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Patria Investments during the 3rd quarter worth approximately $73,000. Kemnay Advisory Services Inc. acquired a new stake in Patria Investments during the 4th quarter valued at $94,000. Tower Research Capital LLC TRC lifted its holdings in Patria Investments by 52.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock valued at $115,000 after purchasing an additional 2,818 shares during the last quarter. State of Wyoming boosted its position in Patria Investments by 117.1% during the fourth quarter. State of Wyoming now owns 9,301 shares of the company’s stock worth $148,000 after purchasing an additional 5,016 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of Patria Investments by 262.8% in the fourth quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock valued at $153,000 after purchasing an additional 7,014 shares during the last quarter. Institutional investors own 96.27% of the company’s stock.

Patria Investments Price Performance

Shares of NYSE PAX opened at $10.97 on Friday. The business has a fifty day moving average price of $11.17 and a two-hundred day moving average price of $12.52. The stock has a market capitalization of $729.76 million, a PE ratio of 21.94, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Patria Investments Limited has a fifty-two week low of $10.56 and a fifty-two week high of $17.80.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PAX. The Goldman Sachs Group reiterated a “buy” rating and issued a $18.00 price target on shares of Patria Investments in a research note on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective 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 raised Patria Investments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.00.

Insiders Place Their Bets

In other news, Director Olimpio Matarazzo Neto acquired 50,000 shares of Patria Investments stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $11.46 per share, for a total transaction of $573,000.00. Following the completion of the purchase, the director directly owned 235,000 shares of the company’s stock, valued at approximately $2,693,100. This represents a 27.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have bought a total of 175,000 shares of company stock worth $1,980,850 over the last three months. Corporate insiders own 58.10% of the company’s stock.

Patria Investments Profile

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.