Patria Private Equity Trust (LON:PPET) Stock Price Up 2.8% - Still a Buy?

Key Points

• Shares rose 2.8% to GBX 578 (intraday high GBX 590) on Monday, with volume of ~238,894 shares, a 72% increase versus the average daily volume.
• The trust has a market cap of £851.86 million and a P/E of 7.69, reporting GBX 2.17 earnings per share for the most recent quarter.
• Insider buying was reported in February (including purchases by Duncan Budge and Dugald Agble); insiders acquired 14,804 shares valued at about $9.06 million in the last 90 days and hold 1.60% of the stock.

Patria Private Equity Trust (LON:PPET - Get Free Report) rose 2.8% during trading on Monday . The stock traded as high as GBX 590 and last traded at GBX 578. Approximately 238,894 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 139,187 shares. The stock had previously closed at GBX 562.

Patria Private Equity Trust Stock Performance

The company has a market cap of £851.86 million and a PE ratio of 7.69.

Patria Private Equity Trust (LON:PPET - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The company reported GBX 2.17 earnings per share (EPS) for the quarter.

Insider Activity at Patria Private Equity Trust

In related news, insider Duncan Budge bought 3,228 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was acquired at an average price of GBX 616 per share, with a total value of £19,884.48. Also, insider Dugald Agble bought 1,800 shares of the firm's stock in a transaction on Tuesday, February 10th. The shares were bought at an average price of GBX 614 per share, with a total value of £11,052. Insiders purchased 14,804 shares of company stock worth $9,061,893 in the last 90 days. 1.60% of the stock is currently owned by corporate 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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