Patria Private Equity Trust (LON:PPET) Stock Price Up 0.7% - Still a Buy?

Key Points

• Patria Private Equity Trust shares rose 0.7% on Thursday, trading as high as GBX 608 before closing around GBX 606, with volume running above average.
• The stock has a market capitalization of about £875.6 million and trades at a PE ratio of 7.95, with its 50-day moving average at GBX 587.49.
• Insiders have been buying shares, including recent purchases by Duncan Budge and Dugald Agble, with insider ownership currently at 1.57%.

Shares of Patria Private Equity Trust (LON:PPET - Get Free Report) rose 0.7% during mid-day trading on Thursday . The stock traded as high as GBX 608 and last traded at GBX 606. Approximately 621,209 shares were traded during trading, an increase of 29% from the average daily volume of 481,457 shares. The stock had previously closed at GBX 602.

Patria Private Equity Trust Stock Down 1.3%

The stock has a market capitalization of £875.57 million and a PE ratio of 7.95. The business's fifty day moving average price is GBX 587.49.

Insider Activity

In other news, insider Duncan Budge purchased 6,922 shares of the business's stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average cost of GBX 575 per share, with a total value of £39,801.50. Also, insider Dugald Agble purchased 1,800 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of GBX 614 per share, with a total value of £11,052. Insiders have purchased a total of 21,726 shares of company stock valued at $13,042,043 over the last three months. 1.57% of the stock is currently owned by insiders.

About Patria Private Equity Trust

Patria Private Equity Trust plc LON: PPET is a closed-ended investment company listed on the London Stock Exchange that provides investors with access to private equity opportunities in Latin America. The trust is managed by Patria, a specialist alternative asset manager with a focus on the region, and it is structured to give public-market investors exposure to privately negotiated equity investments that are typically difficult to access through traditional listed equities.

The trust's principal activities involve making and managing a diversified portfolio of private equity investments, including primary fund commitments, co-investments alongside sponsor-led funds, secondary purchases and direct equity stakes in companies.

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