Citigroup Inc. Has $3.82 Million Holdings in Patria Investments Limited $PAX

Citigroup Inc. raised its stake in Patria Investments Limited (NYSE:PAX) by 36.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 261,438 shares of the company’s stock after buying an additional 69,761 shares during the quarter. Citigroup Inc. owned 0.39% of Patria Investments worth $3,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAX. State of Alaska Department of Revenue bought a new stake in shares of Patria Investments in the 3rd quarter valued at about $38,000. State of Wyoming acquired a new position in Patria Investments during the third quarter valued at approximately $63,000. Ameritas Investment Partners Inc. grew its holdings in Patria Investments by 14.4% during the second quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company’s stock valued at $86,000 after purchasing an additional 775 shares during the period. Tower Research Capital LLC TRC increased its stake in Patria Investments by 52.9% in the second 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 in the last quarter. Finally, CWM LLC raised its holdings in Patria Investments by 12.3% in the third quarter. CWM LLC now owns 8,439 shares of the company’s stock worth $123,000 after purchasing an additional 923 shares during the period. Institutional investors own 96.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PAX shares. The Goldman Sachs Group boosted their price target on shares of Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a report 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 analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of $20.00.

Patria Investments Stock Down 0.4%

Shares of PAX stock opened at $12.46 on Thursday. Patria Investments Limited has a 12-month low of $9.43 and a 12-month high of $17.80. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $15.27 and a 200-day moving average of $14.85. The company has a market capitalization of $828.88 million, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.28 and a beta of 0.69.

Patria Investments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, February 20th. Patria Investments’s payout ratio is 113.21%.

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.