Patria Investments (NYSE:PAX) Rating Lowered to Underperform at Bank of America

Key Points

• Bank of America downgraded Patria Investments from “neutral” to “underperform” and set a $10 price target, implying 10.71% downside from the prior close.
• Citigroup also lowered the stock to “underperform,” while the broader analyst consensus is “Reduce” with an average price target of $13.50.
• Patria shares opened at $11.20, near their 52-week low of $10.55; insiders own 58.10% of the company, while institutional investors hold 96.27%.

Patria Investments (NYSE:PAX - Get Free Report) was downgraded by investment analysts at Bank of America from a "neutral" rating to an "underperform" rating in a report released on Wednesday, MarketBeat reports. They presently have a $10.00 target price on the stock. Bank of America's price objective would indicate a potential downside of 10.71% from the company's previous close.

Several other analysts have also recently issued reports on PAX. Citigroup cut Patria Investments to an "underperform" rating in a research report on Wednesday. Zacks Research raised shares of Patria Investments from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $13.50.

Patria Investments Price Performance

Shares of Patria Investments stock opened at $11.20 on Wednesday. The stock has a market cap of $745.06 million, a P/E ratio of 22.40, a P/E/G ratio of 1.28 and a beta of 0.76. 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 stock's fifty day moving average is $11.20 and its 200 day moving average is $11.71. Patria Investments has a one year low of $10.55 and a one year high of $17.80.

Insider Buying and Selling at Patria Investments

In related news, CEO Marco D'Ippolito sold 7,004 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.29, for a total transaction of $79,075.16. Following the completion of the sale, the chief executive officer directly owned 443,178 shares of the company's stock, valued at approximately $5,003,479.62. This trade represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 58.10% of the company's stock.

Hedge Funds Weigh In On Patria Investments

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in Patria Investments in the second quarter worth $27,000. Squarepoint Ops LLC bought a new position in shares of Patria Investments in the second quarter worth about $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Patria Investments in the 2nd quarter worth about $227,000. California State Teachers Retirement System lifted its holdings in Patria Investments by 175.8% during the 2nd quarter. California State Teachers Retirement System now owns 9,882 shares of the company's stock valued at $109,000 after buying an additional 6,299 shares in the last quarter. Finally, AXQ Capital LP purchased a new stake in Patria Investments in the 2nd quarter valued at about $112,000. Institutional investors own 96.27% of the company's stock.

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.

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