Patria Investments (NYSE:PAX) Upgraded at Zacks Research

Zacks Research upgraded shares of Patria Investments (NYSE:PAX) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

PAX has been the subject of a number of other research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $18.00 target price on shares of Patria Investments in a research report on Friday, April 24th. JPMorgan Chase & Co. dropped their price target on shares of Patria Investments from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $17.00.

Patria Investments Stock Down 1.9%

PAX stock opened at $10.93 on Monday. The stock has a market capitalization of $727.10 million, a P/E ratio of 21.86, a P/E/G ratio of 1.28 and a beta of 0.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. Patria Investments has a 1-year low of $10.56 and a 1-year high of $17.80. The business has a fifty day moving average price of $11.21 and a 200-day moving average price of $12.78.

Insider Activity at Patria Investments

In related news, Director Olimpio Matarazzo Neto acquired 50,000 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $11.46 per share, with a total value of $573,000.00. Following the completion of the purchase, the director directly owned 235,000 shares of the company’s stock, valued at $2,693,100. This represents a 27.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 175,000 shares of company stock valued at $1,980,850 over the last 90 days. 58.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Patria Investments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in Patria Investments during the third quarter valued at approximately $73,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Patria Investments in the fourth quarter worth $94,000. Tower Research Capital LLC TRC raised its position in shares of Patria Investments by 52.9% during the 2nd 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 during the period. State of Wyoming raised its position in shares of Patria Investments by 117.1% during the 4th quarter. State of Wyoming now owns 9,301 shares of the company’s stock valued at $148,000 after purchasing an additional 5,016 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Patria Investments by 262.8% during the 4th quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company’s stock valued at $153,000 after buying an additional 7,014 shares in the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

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.