Patria Private Equity Trust (LON:PPET) Shares Up 1.4% – Here’s What Happened

Patria Private Equity Trust (LON:PPET)’s share price rose 1.4% during mid-day trading on Monday . The stock traded as high as GBX 586 and last traded at GBX 586. Approximately 58,212 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 535,243 shares. The stock had previously closed at GBX 578.

Patria Private Equity Trust Price Performance

The company has a 50 day simple moving average of GBX 589.89. The stock has a market capitalization of £874.78 million and a P/E ratio of 7.92.

Patria Private Equity Trust (LON:PPET) last announced its quarterly earnings results on Thursday, January 29th. The company reported GBX 2.17 earnings per share for the quarter.

Insider Transactions at Patria Private Equity Trust

In other Patria Private Equity Trust news, insider Duncan Budge purchased 6,922 shares of Patria Private Equity Trust stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of GBX 575 per share, for a total transaction of £39,801.50. Also, insider Dugald Agble purchased 1,800 shares of the stock in a transaction on Tuesday, February 10th. The shares were acquired at an average cost of GBX 614 per share, with a total value of £11,052. Over the last quarter, insiders have bought 21,726 shares of company stock valued at $13,042,043. 1.60% of the stock is currently owned by company insiders.

About Patria Private Equity Trust

Patria Private Equity Trust plc (LON:PPET) is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust’s principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.