Patria Investments (NYSE:PAX) Cut to “Hold” at Zacks Research

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

Separately, The Goldman Sachs Group raised their target price on shares of Patria Investments from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Patria Investments Stock Up 0.7%

NYSE:PAX opened at $12.39 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $824.22 million, a PE ratio of 24.78, a PEG ratio of 1.28 and a beta of 0.73. Patria Investments has a 52-week low of $9.43 and a 52-week high of $17.80. The stock has a 50-day simple moving average of $12.84 and a 200 day simple moving average of $14.50.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Friday, February 20th were given 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 of this dividend was Friday, February 20th. Patria Investments’s dividend payout ratio (DPR) is presently 113.21%.

Institutional Trading of Patria Investments

A number of hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. acquired a new stake in Patria Investments during the 3rd quarter worth approximately $1,104,000. Mizuho Markets Americas LLC acquired a new stake in Patria Investments during the 3rd quarter worth approximately $21,900,000. Citigroup Inc. lifted its holdings in Patria Investments by 36.4% during the 3rd quarter. Citigroup Inc. now owns 261,438 shares of the company’s stock worth $3,817,000 after purchasing an additional 69,761 shares during the last quarter. Pertento Partners LLP lifted its holdings in Patria Investments by 19.7% during the 3rd quarter. Pertento Partners LLP now owns 3,971,972 shares of the company’s stock worth $57,991,000 after purchasing an additional 654,966 shares during the last quarter. Finally, MHR Fund Management LLC increased its stake in Patria Investments by 27.4% during the 3rd quarter. MHR Fund Management LLC now owns 800,000 shares of the company’s stock worth $11,680,000 after acquiring an additional 172,018 shares during the period. 96.27% of the stock is owned by institutional investors and hedge funds.

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.