Renaissance Technologies LLC Makes New $2.97 Million Investment in Patria Investments Limited $PAX

Key Points

• Renaissance Technologies acquired 235,768 shares of Patria Investments, worth approximately $2.97 million, giving it a 0.35% stake. Institutional investors collectively own 96.27% of PAX.
• Patria director Olimpio Matarazzo Neto bought 50,000 shares at an average $11.46 each, while insiders have purchased 175,000 shares worth nearly $2 million over the past 90 days.
• PAX recently traded at $11.53 and announced a quarterly dividend of $0.1625 per share, implying a 5.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $17.00.

Renaissance Technologies LLC purchased a new position in shares of Patria Investments Limited (NYSE:PAX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 235,768 shares of the company's stock, valued at approximately $2,971,000. Renaissance Technologies LLC owned about 0.35% of Patria Investments as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC raised its position in shares of Patria Investments by 234.2% in the 1st quarter. AQR Capital Management LLC now owns 43,789 shares of the company's stock valued at $494,000 after purchasing an additional 30,688 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Patria Investments by 8.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,330 shares of the company's stock worth $388,000 after buying an additional 2,740 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Patria Investments during the first quarter worth $153,000. Rhumbline Advisers lifted its stake in shares of Patria Investments by 12.7% during the second quarter. Rhumbline Advisers now owns 92,717 shares of the company's stock worth $1,304,000 after buying an additional 10,442 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Patria Investments by 338.0% during the second quarter. American Century Companies Inc. now owns 172,754 shares of the company's stock valued at $2,429,000 after buying an additional 133,313 shares during the last quarter. Institutional investors and hedge funds own 96.27% of the company's stock.

Insider Buying and Selling

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

Patria Investments Stock Up 2.7%

PAX stock opened at $11.53 on Friday. The company has a market capitalization of $767.01 million, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. Patria Investments Limited has a 12 month low of $10.55 and a 12 month high of $17.80. The firm's fifty day simple moving average is $11.16 and its 200-day simple moving average is $12.30. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Monday, August 10th will be given a dividend of $0.1625 per share. The ex-dividend date is Monday, August 10th. This represents a $0.65 dividend on an annualized basis and a yield of 5.6%. Patria Investments's payout ratio is currently 147.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PAX shares. The Goldman Sachs Group restated a "buy" rating and issued a $18.00 target price on shares of Patria Investments in a research note on Friday, April 24th. Zacks Research raised Patria Investments from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $17.00.

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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