Patria Investments (NYSE:PAX) Reaches New 1-Year Low - Here's What Happened

Key Points

• Patria Investments fell to a new 52-week low of $10.42, down 1.5% from its prior close, with the stock’s market capitalization at approximately $696 million.
• Analyst sentiment has weakened, with recent downgrades from Citigroup and Bank of America and a reduced JPMorgan price target. MarketBeat reports a consensus rating of “Reduce” and an average target price of $12.75.
• Patria declared a quarterly dividend of $0.1625, equivalent to $0.65 annually and a 6.2% yield, though its payout ratio is elevated at 147.73%. CEO Marco D’Ippolito also sold 7,004 shares, while insiders collectively own 58.1% of the company.

Patria Investments Limited (NYSE:PAX - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.42 and last traded at $10.4590, with a volume of 155099 shares traded. The stock had previously closed at $10.62.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PAX shares. Citigroup cut shares of Patria Investments to an "underperform" rating in a research note on Wednesday, September 9th. JPMorgan Chase & Co. reduced their target price on Patria Investments from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday. Zacks Research upgraded Patria Investments from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Bank of America cut Patria Investments from a "neutral" rating to an "underperform" rating and set a $10.00 price target for the company. in a report on Wednesday, September 9th. Finally, Wells Fargo & Company set a $10.00 price objective on Patria Investments in a research report on Wednesday, September 9th. One investment 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 data from MarketBeat.com, Patria Investments currently has a consensus rating of "Reduce" and a consensus target price of $12.75.

Patria Investments Stock Down 1.5%

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 company has a market capitalization of $696.16 million, a P/E ratio of 20.93, a PEG ratio of 1.28 and a beta of 0.76. The stock has a 50 day moving average price of $11.18 and a 200 day moving average price of $11.65.

Patria Investments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Monday, August 10th will be given a $0.1625 dividend. The ex-dividend date is Monday, August 10th. This represents a $0.65 annualized dividend and a yield of 6.2%. Patria Investments's dividend payout ratio (DPR) is currently 147.73%.

Insider Activity at Patria Investments

In other news, CEO Marco D'Ippolito sold 7,004 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total transaction of $79,075.16. Following the sale, the chief executive officer directly owned 443,178 shares in the company, valued at approximately $5,003,479.62. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 58.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAX. Integrated Wealth Concepts LLC bought a new stake in Patria Investments during the 2nd quarter worth approximately $27,000. Advisory Services Network LLC bought a new position in shares of Patria Investments during the third quarter valued at $73,000. Kemnay Advisory Services Inc. acquired a new position in shares of Patria Investments during the fourth quarter worth $94,000. California State Teachers Retirement System lifted its holdings in shares of Patria Investments by 175.8% during the second quarter. California State Teachers Retirement System now owns 9,882 shares of the company's stock worth $109,000 after purchasing an additional 6,299 shares during the period. Finally, AXQ Capital LP bought a new stake in shares of Patria Investments in the second quarter worth $112,000. Institutional investors own 96.27% of the company's stock.

Patria Investments Company Profile

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.

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