Patria Investments (NYSE:PAX) raised to “C-” at TheStreet

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

Separately, Bank of America began covering shares of Patria Investments in a research report on Wednesday, September 7. They issued a “neutral” rating on the title.

Performance of Patria Investments shares

Shares of Patria Investments opened at $13.77 on Thursday. The company has a market capitalization of $747.02 million, a P/E ratio of 33.59, a PEG ratio of 1.44 and a beta of 0.60. The company’s 50-day moving average is $13.56 and its 200-day moving average is $14.34. Patria Investments has a 1 year minimum of $12.25 and a 1 year maximum of $19.49.

Patria Investments (NYSE:PAX – Get Rating) last released its quarterly earnings data on Tuesday, August 9. The company reported earnings per share of $0.20 for the quarter, beating the consensus estimate of $0.18 by $0.02. The company posted revenue of $55.60 million for the quarter, versus a consensus estimate of $55.74 million. Patria Investments had a net margin of 27.92% and a return on equity of 21.83%. As a group, sell-side analysts expect Patria Investments to post 0.85 earnings per share for the current year.

Hedge funds weigh on Patria Investments

Several large investors have recently bought and sold shares of PAX. Capital Research Global Investors increased its stake in Patria Investments by 94.6% during the 1st quarter. Capital Research Global Investors now owns 9,771,580 shares of the company valued at $174,032,000 after purchasing an additional 4,750,000 shares during the period. Wellington Management Group LLP increased its stake in Patria Investments by 21.9% during the 1st quarter. Wellington Management Group LLP now owns 4,278,548 shares of the company valued at $76,201,000 after purchasing an additional 769,798 shares during the period. Millennium Management LLC increased its stake in Patria Investments by 771.5% during the 2nd quarter. Millennium Management LLC now owns 707,633 shares of the company valued at $9,355,000 after purchasing an additional 626,439 shares during the period. Pertento Partners LLP increased its stake in the shares of Patria Investments by 55.6% in the 1st quarter. Pertento Partners LLP now owns 1,204,228 shares of the company worth $21,447,000 after purchasing an additional 430,336 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC increased its stake in shares of Patria Investments by 12.6% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 3,496,843 shares of the company worth $62,279,000 after purchasing an additional 391,093 shares in the last quarter. Institutional investors and hedge funds hold 94.40% of the company’s shares.

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-investments funds, constructivist equity funds and real estate and investment funds. credit.

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