Patria Investments (NYSE:PAX) Sees Strong Trading Volume - What's Next?

Key Points

• Patria Investments shares rose 8.5% to $11.057, while mid-day trading volume reached 798,912 shares—19% below the prior session.
• Analyst sentiment has weakened, with recent downgrades from Zacks Research, Bank of America and Citigroup. The stock has an average “Reduce” rating and a consensus price target of $12.75.
• Patria declared a quarterly dividend of $0.1625, equating to an annualized $0.65 payout and a 5.9% yield, though its payout ratio is elevated at 147.73%.

Patria Investments Limited (NYSE:PAX - Get Free Report) shares saw an uptick in trading volume on Monday. 798,912 shares traded hands during mid-day trading, a decline of 19% from the previous session's volume of 989,841 shares. The stock last traded at $11.0570 and had previously closed at $10.21.

Analyst Ratings Changes

A number of analysts have recently commented on PAX shares. Zacks Research downgraded Patria Investments from a "hold" rating to a "strong sell" rating in a report on Monday, September 14th. Bank of America downgraded Patria Investments from a "neutral" rating to an "underperform" rating and set a $10.00 price target for the company. in a research report on Wednesday, September 9th. Wells Fargo & Company set a $10.00 price target on Patria Investments in a research note on Wednesday, September 9th. Citigroup lowered Patria Investments to an "underperform" rating in a research note on Wednesday, September 9th. Finally, JPMorgan Chase & Co. cut their price objective on Patria Investments from $15.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Patria Investments has an average rating of "Reduce" and a consensus target price of $12.75.

Patria Investments Stock Up 8.5%

The firm's 50-day moving average price is $10.93 and its 200-day moving average price is $11.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $736.74 million, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.28 and a beta of 0.80.

Patria Investments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Monday, August 10th were issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 5.9%. The ex-dividend date was Monday, August 10th. Patria Investments's dividend payout ratio is currently 147.73%.

Insider Transactions at Patria Investments

In other Patria Investments news, CEO of Global Private Markets Marco D'Ippolito sold 7,004 shares of the firm's stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.29, for a total value of $79,075.16. Following the transaction, the insider directly owned 443,178 shares of the company's stock, valued at $5,003,479.62. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 58.10% of the company's stock.

Institutional Investors Weigh In On Patria Investments

Several institutional investors and hedge funds have recently modified their holdings of PAX. Integrated Wealth Concepts LLC acquired a new stake in shares of Patria Investments in the second quarter valued at about $27,000. Squarepoint Ops LLC purchased a new stake in shares of Patria Investments during the 2nd quarter valued at about $239,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Patria Investments during the 2nd quarter worth approximately $227,000. AXQ Capital LP acquired a new position in Patria Investments during the 2nd quarter worth approximately $112,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Patria Investments in the 2nd quarter worth approximately $154,000. Hedge funds and other institutional investors own 96.27% of the company's stock.

About Patria Investments

Patria Investments Limited is an alternative investment firm focused on opportunities in emerging markets, with a longstanding emphasis on Latin America. The company manages capital for institutional investors, family offices and other clients across a range of private-market strategies.

Its investment platform includes private equity, infrastructure, credit, growth and venture capital, real estate, and public-market strategies. Patria seeks to invest in businesses and assets across sectors such as financial services, healthcare, logistics, technology, energy and utilities, while supporting portfolio companies through operational and strategic expertise.

Founded in 1988, Patria has expanded its presence across Latin America and other emerging markets, with offices and investment activities in countries including Brazil, Chile, Colombia, Mexico and Peru, as well as operations in North America and Europe.

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