Patria Investments (NYSE:PAX) Sets New 1-Year Low - Time to Sell?

Key Points

• Patria Investments hit a new 52-week low, trading as low as $9.03 versus a prior close of $9.40. Its shares remain below the 50-day and 200-day moving averages.
• Analyst sentiment has deteriorated, with Bank of America and Citigroup downgrading the stock to “underperform” and Zacks Research issuing a “strong sell” rating. The consensus rating is “Reduce,” with a $12.75 price target.
• Institutional investors own 96.27% of Patria’s shares, while company insiders own 58.10%; a senior executive recently sold 7,004 shares at an average price of $11.29.

Patria Investments Limited (NYSE:PAX - Get Free Report) hit a new 52-week low during trading on Tuesday. The stock traded as low as $9.03 and last traded at $9.1550, with a volume of 337,006 shares traded. The stock had previously closed at $9.40.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PAX shares. Bank of America lowered shares of Patria Investments from a "neutral" rating to an "underperform" rating and set a $10.00 target price on the stock. in a research note on Wednesday, September 9th. Wells Fargo & Company set a $10.00 price objective on shares of Patria Investments in a report on Wednesday, September 9th. Zacks Research cut Patria Investments from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. 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, September 10th. Finally, Citigroup lowered Patria Investments to an "underperform" rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $12.75.

Patria Investments Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $615.67 million, a P/E ratio of 18.53, a PEG ratio of 1.28 and a beta of 0.80. The firm has a 50-day moving average of $10.83 and a 200-day moving average of $11.94.

Insider Transactions at Patria Investments

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. CenterBook Partners LP purchased a new stake in Patria Investments during the third quarter valued at approximately $653,000. Inscription Capital LLC purchased a new position in shares of Patria Investments during the 3rd quarter worth $145,000. AdvisorNet Financial Inc boosted its stake in shares of Patria Investments by 58.2% during the 3rd quarter. AdvisorNet Financial Inc now owns 28,765 shares of the company's stock worth $292,000 after acquiring an additional 10,580 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Patria Investments during the 2nd quarter valued at $27,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Patria Investments during the 2nd quarter valued at $239,000. Institutional investors own 96.27% of the company's stock.

Patria Investments Company Profile

Patria Investments NYSE: PAX is a global alternative asset management firm focused on investing in private markets. The company manages capital on behalf of institutional investors, family offices, and other clients through strategies that include private equity, infrastructure, credit, growth capital, venture capital, and real estate.

Founded in Brazil in 1988, Patria has developed extensive experience investing in Latin America and has expanded its platform to serve clients and pursue opportunities across North America, Europe, and other international markets.

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