Tudor Investment Corp ET AL Grows Stock Holdings in Patria Investments Limited $PAX

Key Points

• Tudor Investment Corp ET AL boosted its stake in Patria Investments (NYSE: PAX) by 590.3% in Q3 to 230,682 shares (about a 0.35% stake) worth roughly $3.37 million, and overall institutional ownership stands at 96.27%.
• Patria recently paid a quarterly dividend of $0.15 (annualized $0.60), implying a 4.9% yield113.21%.
• Analyst coverage is mixed with a consensus rating of "Hold" (one Buy, two Hold) and a $18.00 consensus target, as Goldman raised its target to $20 while JPMorgan cut its target to $16 and Zacks downgraded to Hold.

Tudor Investment Corp ET AL raised its holdings in shares of Patria Investments Limited (NYSE:PAX - Free Report) by 590.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,682 shares of the company's stock after buying an additional 197,265 shares during the period. Tudor Investment Corp ET AL owned about 0.35% of Patria Investments worth $3,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its holdings in Patria Investments by 5.0% during the third quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the company's stock valued at $213,000 after buying an additional 700 shares during the last quarter. Legal & General Group Plc increased its holdings in Patria Investments by 2.3% during the third quarter. Legal & General Group Plc now owns 38,430 shares of the company's stock valued at $561,000 after buying an additional 875 shares during the last quarter. Rhumbline Advisers increased its holdings in Patria Investments by 1.0% during the third quarter. Rhumbline Advisers now owns 93,634 shares of the company's stock valued at $1,367,000 after buying an additional 917 shares during the last quarter. CWM LLC increased its holdings in Patria Investments by 12.3% during the third quarter. CWM LLC now owns 8,439 shares of the company's stock valued at $123,000 after buying an additional 923 shares during the last quarter. Finally, Brookwood Investment Group LLC increased its holdings in Patria Investments by 5.2% during the third quarter. Brookwood Investment Group LLC now owns 25,916 shares of the company's stock valued at $378,000 after buying an additional 1,285 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on PAX shares. Zacks Research cut shares of Patria Investments from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on shares of Patria Investments from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Patria Investments from $18.00 to $20.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.00.

Patria Investments Stock Performance

PAX opened at $12.31 on Friday. The firm has a market cap of $818.90 million, a P/E ratio of 24.62, a PEG ratio of 1.28 and a beta of 0.73. Patria Investments Limited has a 1-year low of $9.62 and a 1-year high of $17.80. The company has a 50 day simple moving average of $12.75 and a two-hundred day simple moving average of $14.46. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Friday, February 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, February 20th. Patria Investments's dividend payout ratio is presently 113.21%.

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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