Patria Investments (NYSE:PAX) Upgraded by Zacks Research to "Hold" Rating

Key Points

• Patria Investments has been upgraded from a "strong sell" rating to a "hold" rating by analysts at Zacks Research, reflecting a more positive outlook for the company.
• Currently, PAX stock has shown a gain of 1.5% and is trading at $13.85 as of Wednesday.
• Institutional investors hold approximately 96.27% of Patria Investments' stock, with several large firms significantly increasing their positions in the company recently.

Zacks Research upgraded shares of Patria Investments (NYSE:PAX - Free Report) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Patria Investments Price Performance

NYSE:PAX remained flat at $13.85 during trading hours on Wednesday. 626,608 shares of the company's stock were exchanged, compared to its average volume of 563,978. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The stock has a market cap of $921.33 million, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. Patria Investments has a 12 month low of $9.43 and a 12 month high of $14.52. The company's 50-day moving average is $13.71 and its 200 day moving average is $12.46.

Patria Investments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 15th. Patria Investments's dividend payout ratio (DPR) is currently 107.14%.

Institutional Trading of Patria Investments

Several hedge funds have recently bought and sold shares of PAX. GAMMA Investing LLC increased its stake in Patria Investments by 888.9% during the 1st quarter. GAMMA Investing LLC now owns 3,827 shares of the company's stock valued at $43,000 after buying an additional 3,440 shares during the period. CWM LLC increased its stake in Patria Investments by 85.1% during the 1st quarter. CWM LLC now owns 5,099 shares of the company's stock valued at $58,000 after buying an additional 2,345 shares during the period. BNP Paribas Financial Markets acquired a new position in Patria Investments during the 4th quarter valued at about $81,000. AdvisorNet Financial Inc increased its stake in Patria Investments by 31.9% during the 1st 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, Ameritas Investment Partners Inc. increased its stake in Patria Investments by 14.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,140 shares of the company's stock valued at $86,000 after buying an additional 775 shares during the period. 96.27% of the stock is currently owned by institutional investors.

Patria Investments Company Profile

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.