Principal Financial Group Inc. Takes $1.10 Million Position in Patria Investments Limited $PAX

Principal Financial Group Inc. acquired a new position in shares of Patria Investments Limited (NYSE:PAX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 75,625 shares of the company’s stock, valued at approximately $1,104,000. Principal Financial Group Inc. owned about 0.11% of Patria Investments as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PAX. Mutual Advisors LLC raised its holdings in shares of Patria Investments by 25.3% during the third quarter. Mutual Advisors LLC now owns 18,981 shares of the company’s stock worth $277,000 after purchasing an additional 3,834 shares during the period. Strs Ohio acquired a new position in Patria Investments during the 3rd quarter valued at about $677,000. Mizuho Markets Americas LLC bought a new stake in shares of Patria Investments during the third quarter valued at approximately $21,900,000. State of Alaska Department of Revenue acquired a new position in shares of Patria Investments during the third quarter worth approximately $38,000. Finally, SG Americas Securities LLC grew its stake in shares of Patria Investments by 51.4% in the third quarter. SG Americas Securities LLC now owns 11,584 shares of the company’s stock worth $169,000 after purchasing an additional 3,935 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PAX shares. The Goldman Sachs Group raised their price objective on shares of Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Zacks Research upgraded Patria Investments from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy” and an average target price of $20.00.

Patria Investments Price Performance

NYSE PAX opened at $13.90 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. Patria Investments Limited has a twelve month low of $9.43 and a twelve month high of $17.80. The stock has a 50-day simple moving average of $15.78 and a 200 day simple moving average of $14.89. The stock has a market capitalization of $924.67 million, a PE ratio of 27.80, a P/E/G ratio of 1.28 and a beta of 0.69.

Patria Investments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 20th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 20th. This represents a $0.60 annualized dividend and a yield of 4.3%. Patria Investments’s dividend payout ratio is 113.21%.

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.