Patria Investments (NYSE:PAX) Shares Gap Down - Should You Sell?

Key Points

• Patria Investments shares experienced a significant drop, closing down 6.5% after gapping down from $13.95 to $12.76 before trading at $12.89.
• As of now, approximately 96.27% of the company's stock is owned by hedge funds and institutional investors, indicating strong institutional interest.
• Patria Investments operates mainly in the Latin American market, focusing on asset management across various private equity and investment funds.

Patria Investments Limited (NYSE:PAX - )'s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.95, but opened at $12.76. Patria Investments shares last traded at $12.89, with a volume of 205,233 shares trading hands.

Patria Investments Stock Down 6.5%

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 firm has a fifty day simple moving average of $13.65 and a 200-day simple moving average of $12.16. The company has a market capitalization of $790.76 million, a PE ratio of 25.88, a P/E/G ratio of 1.28 and a beta of 0.69.

Institutional Investors Weigh In On Patria Investments

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Patria Investments by 888.9% in the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $43,000 after acquiring an additional 3,440 shares during the last quarter. CWM LLC boosted its holdings in shares of Patria Investments by 85.1% in the first quarter. CWM LLC now owns 5,099 shares of the company's stock worth $58,000 after buying an additional 2,345 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Patria Investments in the fourth quarter worth about $81,000. AdvisorNet Financial Inc raised its position in Patria Investments by 31.9% during the first quarter. AdvisorNet Financial Inc now owns 7,240 shares of the company's stock valued at $82,000 after buying an additional 1,750 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Patria Investments by 239.5% in the 4th quarter. Quadrant Capital Group LLC now owns 9,692 shares of the company's stock worth $113,000 after acquiring an additional 6,837 shares in the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

About Patria Investments

Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.

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