Patria Investments (NYSE:PAX) CEO of Global Private Markets Marco Nicola D'ippolito Sells 7,500 Shares

Patria Investments Limited (NYSE:PAX - Get Free Report) CEO of Global Private Markets Marco D'Ippolito sold 7,500 shares of the business's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $11.56, for a total value of $86,700.00. Following the completion of the transaction, the insider directly owned 443,178 shares in the company, valued at approximately $5,123,137.68. This represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Marco Nicola D'ippolito also recently made the following trade(s):

• On Thursday, August 6th, Marco D'Ippolito sold 7,004 shares of Patria Investments stock. The stock was sold at an average price of $11.29, for a total transaction of $79,075.16.

Patria Investments Price Performance

Shares of NYSE PAX traded down $0.19 during trading on Monday, reaching $10.44. The company had a trading volume of 594,071 shares, compared to its average volume of 991,604. Patria Investments Limited has a 52 week low of $10.39 and a 52 week high of $17.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The business's 50 day moving average price is $11.18 and its 200-day moving average price is $11.65. The stock has a market cap of $694.17 million, a PE ratio of 20.87, a PEG ratio of 1.28 and a beta of 0.76.

Patria Investments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Monday, August 10th will be given a $0.1625 dividend. 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%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Patria Investments

A number of institutional investors have recently made changes to their positions in PAX. Renaissance Technologies LLC bought a new stake in Patria Investments during the 1st quarter valued at approximately $2,971,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Patria Investments during the first quarter valued at approximately $1,197,000. SEB Asset Management AB bought a new stake in Patria Investments in the first quarter worth $5,465,000. Bank of New York Mellon Corp purchased a new stake in shares of Patria Investments during the second quarter valued at approximately $1,991,000. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Patria Investments during the 4th quarter valued at $667,000. Hedge funds and other institutional investors own 96.27% of the company's stock.

About Patria Investments

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.