Allianz Asset Management GmbH Purchases Shares of 140,000 Patria Investments Limited $PAX

Key Points

• Allianz Asset Management GmbH acquired 140,000 shares of Patria Investments Limited, valued at approximately $1.97 million, representing about 0.23% of the company's stock.
• Several institutional investors have increased their stakes in Patria, with some, like CWM LLC, boosting their holdings by 85.1%.
• Zacks Research upgraded Patria Investments from a "strong sell" to a "hold" rating, indicating a more favorable outlook in the market.

Allianz Asset Management GmbH purchased a new stake in Patria Investments Limited (NYSE:PAX - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 140,000 shares of the company's stock, valued at approximately $1,968,000. Allianz Asset Management GmbH owned approximately 0.23% of Patria Investments as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Patria Investments by 85.1% in the first quarter. CWM LLC now owns 5,099 shares of the company's stock valued at $58,000 after buying an additional 2,345 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Patria Investments by 23.3% during the second quarter. AdvisorNet Financial Inc now owns 8,925 shares of the company's stock worth $125,000 after buying an additional 1,685 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. acquired a new position in shares of Patria Investments during the first quarter worth $140,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Patria Investments during the first quarter worth $153,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Patria Investments by 7.8% during the second quarter. Public Employees Retirement System of Ohio now owns 13,900 shares of the company's stock worth $195,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 96.27% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Patria Investments from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Patria Investments presently has an average rating of "Hold".

Patria Investments Price Performance

PAX stock opened at $14.73 on Friday. The stock has a market capitalization of $979.87 million, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.70. The company's 50-day moving average is $14.21 and its 200-day moving average is $13.25. 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 Limited has a 1 year low of $9.43 and a 1 year high of $15.54.

Patria Investments Profile

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.

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