Shares of Patria Investments Limited (NYSE: PAX) received an average “Buy” recommendation from the seven analysts who currently cover the stock, MarketBeat.com reports. Two equity research analysts rated the stock with a keep recommendation and five gave the company a buy recommendation. The average one-year target price among analysts who issued ratings on the stock in the past year is $ 23.00.
In addition, Zacks Investment Research has upgraded Patria Investments shares from a “keep” rating to a “buy” rating and set a target price of $ 18.00 on the stock in a report released on Tuesday, December 14. .
Hedge funds and other institutional investors have recently changed their holdings of stocks. Capital International Sarl increased its stake in Patria Investments shares by 10.9% during the 3rd quarter. Capital International Sarl now owns 107,266 shares of the company valued at $ 1,752,000 after purchasing 10,544 additional shares during the last quarter. Citadel Advisors LLC increased its holdings of Patria Investments shares by 92.9% during the 3rd quarter. Citadel Advisors LLC now owns 187,129 shares of the company valued at $ 3,056,000 after purchasing an additional 90,099 shares in the last quarter. Capital Research Global Investors purchased a new equity stake in Patria Investments during the third quarter valued at $ 80,369,000. Point72 Asset Management LP increased its holdings in Patria Investments shares by 17.0% during the 3rd quarter. Point72 Asset Management LP now owns 1,400,000 shares of the company valued at $ 22,862,000 after purchasing an additional 202,965 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in Patria Investments shares by 1,850.7% in the third quarter. Cubist Systematic Strategies LLC now owns 5,852 shares of the company valued at $ 96,000 after purchasing an additional 5,552 shares during the last quarter.
PAX shares opened at $ 16.47 on Monday. The company has a market cap of $ 852.32 million and a P / E ratio of 17.71. The company has a 50-day moving average price of $ 17.35. Patria Investments has a one-year minimum of $ 13.40 and a one-year maximum of $ 23.28.
Patria Investments (NYSE: PAX) last released its quarterly earnings data on Thursday, November 18. The company reported earnings per share of $ 0.17 for the quarter, beating the consensus estimate of $ 0.13 by $ 0.04. Patria Investments had a net margin of 56.78% and a return on equity of 42.85%. Equity research analysts predict that Patria Investments will post earnings per share of 0.93 for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 16. Investors of record on Thursday, December 2 received a dividend of $ 0.14. This represents a dividend of $ 0.56 on an annualized basis and a return of 3.40%. The ex-dividend date was Wednesday December 1. Patria Investments’ dividend payout ratio is currently 60.22%.
Patria Investments Company Profile
Patria Investments Limited operates as a private market investment firm focused on investing in Latin America. The company offers asset management services to investors focused on private equity funds, infrastructure development funds, co-investment funds, constructivist investment funds, and real estate and credit funds.
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