Patria Investments (NYSE:PAX) CEO of Global Private Markets Sells $79,075.16 in Stock

Patria Investments Limited (NYSE:PAX - Get Free Report) CEO of Global Private Markets Marco D'Ippolito sold 7,004 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $11.29, for a total value of $79,075.16. Following the transaction, the insider directly owned 443,178 shares in the company, valued at approximately $5,003,479.62. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Patria Investments Trading Down 1.7%

Patria Investments stock traded down $0.19 during midday trading on Monday, reaching $10.44. The stock had a trading volume of 594,071 shares, compared to its average volume of 991,604. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market cap of $694.17 million, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.76. Patria Investments Limited has a 52-week low of $10.39 and a 52-week high of $17.80. The company has a fifty day moving average of $11.18 and a 200 day moving average of $11.65.

Patria Investments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 10th. Patria Investments's payout ratio is currently 147.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Patria Investments in the 2nd quarter valued at about $27,000. State of Alaska Department of Revenue raised its position in shares of Patria Investments by 262.8% during the 4th quarter. State of Alaska Department of Revenue now owns 9,683 shares of the company's stock worth $153,000 after purchasing an additional 7,014 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Patria Investments by 175.8% in the 2nd quarter. California State Teachers Retirement System now owns 9,882 shares of the company's stock worth $109,000 after buying an additional 6,299 shares during the last quarter. AXQ Capital LP purchased a new stake in Patria Investments during the 2nd quarter worth approximately $112,000. Finally, CWM LLC raised its holdings in shares of Patria Investments by 36.1% during the fourth quarter. CWM LLC now owns 11,483 shares of the company's stock valued at $182,000 after acquiring an additional 3,044 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PAX shares. Zacks Research upgraded Patria Investments from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Citigroup lowered Patria Investments to an "underperform" rating in a research report on Wednesday, September 9th. Wells Fargo & Company set a $10.00 price objective on Patria Investments in a report on Wednesday, September 9th. JPMorgan Chase & Co. reduced their price objective on shares of Patria Investments from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Bank of America downgraded Patria Investments from a "neutral" rating to an "underperform" rating and set a $10.00 price target on the stock. in a report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $12.75.

Patria Investments Company Profile

Patria Investments Limited NYSE: PAX is an alternative asset management firm focused on investment opportunities in Latin America and other emerging markets. The company serves institutional investors, family offices, sovereign wealth funds and other clients seeking exposure to private-market investments.

Patria manages a range of investment strategies, including private equity, infrastructure, credit, growth capital, venture capital and real estate. Its activities include raising and managing investment funds, identifying opportunities, providing capital to businesses and projects, and supporting portfolio companies through operational and strategic initiatives.

Founded in Brazil in 1988, Patria has expanded its operations across Latin America and maintains a broader international presence to serve global investors.