Patria Investments (NYSE:PAX) Upgraded at Zacks Research

Zacks Research upgraded shares of Patria Investments (NYSE:PAX) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Patria Investments Trading Down 0.1%

PAX opened at $17.42 on Wednesday. Patria Investments has a one year low of $9.43 and a one year high of $17.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50 day simple moving average of $15.73 and a two-hundred day simple moving average of $14.69. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, November 14th. Patria Investments’s dividend payout ratio (DPR) is presently 86.96%.

Institutional Trading of Patria Investments

Several large investors have recently added to or reduced their stakes in PAX. Geode Capital Management LLC increased its stake in Patria Investments by 10.0% in the 2nd quarter. Geode Capital Management LLC now owns 830,278 shares of the company’s stock worth $11,674,000 after buying an additional 75,699 shares in the last quarter. Inherent Management Corp. lifted its position in shares of Patria Investments by 21.3% in the second quarter. Inherent Management Corp. now owns 1,466,831 shares of the company’s stock valued at $20,624,000 after acquiring an additional 258,008 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Patria Investments in the second quarter worth about $3,065,000. Allianz Asset Management GmbH purchased a new stake in shares of Patria Investments during the second quarter worth about $1,968,000. Finally, Inceptionr LLC bought a new stake in Patria Investments during the 2nd quarter valued at approximately $299,000. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Company 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.