Patria Investments (NYSE:PAX) downgraded by TheStreet to D+

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Patria Investments (NYSE:PAX – Get a rating) was downgraded by TheStreet research analysts from a “c-” rating to a “d+” rating in a report released Wednesday, reports TheStreetRatingsTable.

NYSE:PAX opened at $12.73 on Wednesday. Patria Investments has a 12-month low of $12.51 and a 12-month high of $19.49. The company has a market capitalization of $690.58 million, a price-earnings ratio of 13.84 and a beta of 0.38. The stock has a fifty-day simple moving average of $14.79 and a 200-day simple moving average of $16.02.

Patria Investments (NYSE:PAX – Get Rating) last released its results on Tuesday, May 10. The company reported earnings per share of $0.24 for the quarter, beating the consensus estimate of $0.15 by $0.09. Patria Investments had a return on equity of 34.59% and a net margin of 48.67%. The company recorded revenue of $55.00 million during the quarter. In the same quarter last year, the company posted earnings per share of $0.13. On average, analysts expect Patria Investments to post 0.9 EPS for the current financial year.

Institutional investors have recently changed their positions in the company. Qube Research & Technologies Ltd increased its stake in shares of Patria Investments by 319.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 56,937 shares in the company valued at $922,000 after purchasing an additional 43,370 shares during the period. Raymond James & Associates increased its stake in Patria Investments by 50.9% in the fourth quarter. Raymond James & Associates now owns 118,101 shares of the company valued at $1,913,000 after purchasing an additional 39,852 shares in the last quarter. American Century Companies Inc. bought a new position in Patria Investments in the fourth quarter valued at approximately $15,397,000. Beck Mack & Oliver LLC increased its stake in Patria Investments by 44.6% in the fourth quarter. Beck Mack & Oliver LLC now owns 163,319 shares of the company valued at $2,646,000 after purchasing an additional 50,403 shares in the last quarter. Finally, Mondrian Investment Partners LTD increased its stake in Patria Investments by 690.4% in the first quarter. Mondrian Investment Partners LTD now owns 216,327 shares of the company valued at $3,853,000 after purchasing an additional 188,956 shares in the last quarter.

Patria Investments Company Profile (Get a rating)

Patria Investments Limited operates as a private market investment company focused on investing in Latin America. The company provides asset management services to investors focusing on private equity funds, infrastructure development funds, co-investment funds, constructivist equity funds and real estate and investment funds. credit.

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