Bank of New York Mellon Corp Acquires Shares of 181,323 Patria Investments Limited $PAX

Key Points

• Bank of New York Mellon acquired 181,323 shares of Patria Investments, valued at approximately $1.99 million, giving it a 0.27% stake. Institutional investors collectively own 96.27% of the company.
• Patria shares opened at $11.20, near the 52-week low of $10.55 and below the average analyst price target of $17.00. Analysts have a consensus “Hold” rating.
• Patria declared a quarterly dividend of $0.1625 per share, equivalent to $0.65 annually and a 5.8% yield; its payout ratio is 147.73%. CEO Marco D’Ippolito separately sold 7,004 shares.

Bank of New York Mellon Corp bought a new stake in Patria Investments Limited (NYSE:PAX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 181,323 shares of the company's stock, valued at approximately $1,991,000. Bank of New York Mellon Corp owned approximately 0.27% of Patria Investments as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in Patria Investments during the 3rd quarter valued at $73,000. Kemnay Advisory Services Inc. bought a new stake in shares of Patria Investments during the fourth quarter worth $94,000. Tower Research Capital LLC TRC increased its stake in shares of Patria Investments by 52.9% in the second quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company's stock valued at $115,000 after buying an additional 2,818 shares in the last quarter. State of Wyoming increased its stake in shares of Patria Investments by 117.1% in the fourth quarter. State of Wyoming now owns 9,301 shares of the company's stock valued at $148,000 after buying an additional 5,016 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of Patria Investments in the first quarter valued at about $152,000. Institutional investors own 96.27% of the company's stock.

Patria Investments Stock Up 0.5%

Shares of NYSE PAX opened at $11.20 on Wednesday. Patria Investments Limited has a 1 year low of $10.55 and a 1 year high of $17.80. The firm's 50-day moving average is $11.20 and its 200-day moving average is $11.71. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $745.06 million, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76.

Patria Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, August 10th will be paid a dividend of $0.1625 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.8%. Patria Investments's payout ratio is 147.73%.

Analyst Ratings Changes

Separately, 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 and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.00.

Insider Activity at Patria Investments

In related news, CEO Marco D'Ippolito sold 7,004 shares of the company's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total value of $79,075.16. Following the completion of the sale, the chief executive officer owned 443,178 shares in the company, valued at approximately $5,003,479.62. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 58.10% of the stock is currently owned by company insiders.

Patria Investments Profile

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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