SG Americas Securities LLC Buys 6,936 Shares of Patria Investments Limited (NYSE:PAX)

SG Americas Securities LLC raised its stake in Patria Investments Limited (NYSE:PAX) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,833 shares of the company’s stock after acquiring an additional 6,936 shares during the period. SG Americas Securities LLC’s holdings in Patria Investments were worth $300,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PAX. Squarepoint Ops LLC purchased a new stake in Patria Investments during the 2nd quarter valued at about $428,000. Algert Global LLC purchased a new stake in shares of Patria Investments during the second quarter valued at approximately $139,000. Mendota Financial Group LLC bought a new stake in shares of Patria Investments during the third quarter valued at approximately $56,000. Naviter Wealth LLC purchased a new position in Patria Investments in the 3rd quarter worth approximately $183,000. Finally, GSA Capital Partners LLP lifted its position in Patria Investments by 28.7% in the 3rd quarter. GSA Capital Partners LLP now owns 56,083 shares of the company’s stock valued at $626,000 after acquiring an additional 12,516 shares in the last quarter. 96.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their price target on Patria Investments from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd.

Patria Investments Stock Performance

Shares of NYSE PAX opened at $11.73 on Thursday. The firm’s 50-day moving average price is $11.83 and its 200-day moving average price is $11.72. Patria Investments Limited has a 52-week low of $10.63 and a 52-week high of $16.16. The company has a market cap of $701.10 million, a PE ratio of 27.28, a PEG ratio of 1.24 and a beta of 0.58. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.31.

Patria Investments (NYSE:PAX) last issued its earnings results on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $78.10 million during the quarter, compared to analysts’ expectations of $76.55 million. Patria Investments had a return on equity of 34.00% and a net margin of 19.68%. During the same quarter in the prior year, the business posted $0.23 EPS. As a group, analysts anticipate that Patria Investments Limited will post 1.02 EPS for the current year.

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 focusing on private equity funds, infrastructure development funds, co-investments funds, constructivist equity funds, and real estate and credit funds.