SG Americas Securities LLC Acquires Shares of 18,897 Patria Investments Limited (NYSE:PAX)

SG Americas Securities LLC bought a new position in shares of Patria Investments Limited (NYSE:PAX) during the third quarter, according to its most recent filing with the SEC. The fund bought 18,897 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Algert Global LLC purchased a new position in Patria Investments in the second quarter valued at about $139,000. AdvisorNet Financial Inc lifted its position in shares of Patria Investments by 9.7% during the 1st quarter. AdvisorNet Financial Inc now owns 9,580 shares of the company’s stock valued at $142,000 after buying an additional 850 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Patria Investments during the 1st quarter valued at $200,000. Entropy Technologies LP purchased a new position in shares of Patria Investments during the 1st quarter valued at $219,000. Finally, Allegheny Financial Group LTD lifted its position in shares of Patria Investments by 43.6% during the 2nd quarter. Allegheny Financial Group LTD now owns 22,728 shares of the company’s stock valued at $274,000 after buying an additional 6,899 shares during the last quarter. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price target on Patria Investments from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday.

Patria Investments Stock Down 1.2 %

Shares of NYSE PAX opened at $11.22 on Wednesday. Patria Investments Limited has a one year low of $10.63 and a one year high of $16.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The business’s fifty day moving average price is $11.36 and its 200-day moving average price is $12.32. The stock has a market capitalization of $670.62 million, a PE ratio of 20.78, a P/E/G ratio of 1.47 and a beta of 0.58.

Patria Investments (NYSE:PAX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $69.99 million. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities research analysts anticipate that Patria Investments Limited will post 1.11 EPS for the current year.

About Patria Investments

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