Patria Investments Restricted (NYSE:PAX) has been given a median suggestion of “Purchase” by the seven analysis companies which are overlaying the corporate, MarketBeat studies. Two funding analysts have rated the inventory with a maintain ranking and 5 have given a purchase ranking to the corporate. The typical 12-month worth goal amongst analysts which have lined the inventory within the final yr is $23.00.
Individually, Zacks Funding Analysis raised shares of Patria Investments from a “maintain” ranking to a “purchase” ranking and set a $18.00 worth goal on the inventory in a report on Tuesday, December 14th.
Plenty of institutional traders have lately added to or diminished their stakes in PAX. Cubist Systematic Methods LLC elevated its stake in Patria Investments by 1,850.7% in the course of the third quarter. Cubist Systematic Methods LLC now owns 5,852 shares of the corporate’s inventory valued at $96,000 after shopping for a further 5,552 shares in the course of the interval. Morgan Stanley elevated its stake in Patria Investments by 3,284.1% in the course of the third quarter. Morgan Stanley now owns 11,709 shares of the corporate’s inventory valued at $191,000 after shopping for a further 11,363 shares in the course of the interval. Renaissance Applied sciences LLC acquired a brand new place in Patria Investments in the course of the 2nd quarter valued at about $204,000. Arrowstreet Capital Restricted Partnership purchased a brand new place in shares of Patria Investments in the course of the third quarter valued at about $372,000. Lastly, Wells Fargo & Firm MN boosted its place in shares of Patria Investments by 4,260.0% in the course of the 2nd quarter. Wells Fargo & Firm MN now owns 21,800 shares of the corporate’s inventory valued at $384,000 after buying a further 21,300 shares within the final quarter. 98.28% of the inventory is at the moment owned by hedge funds and different institutional traders.
NYSE PAX opened at $16.70 on Friday. Patria Investments has a 12 month low of $13.40 and a 12 month excessive of $23.28. The corporate has a market capitalization of $864.23 million and a price-to-earnings ratio of 17.96. The corporate’s fifty day transferring common worth is $16.94 and its two-hundred day transferring common worth is $16.71.
Patria Investments (NYSE:PAX) final posted its quarterly earnings information on Thursday, November 18th. The corporate reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.04. Patria Investments had a internet margin of 56.78% and a return on fairness of 42.85%. The agency had income of $39.70 million for the quarter, in comparison with the consensus estimate of $35.39 million. As a bunch, analysis analysts predict that Patria Investments will submit 0.93 EPS for the present fiscal yr.
The enterprise additionally lately introduced a quarterly dividend, which was paid on Thursday, December sixteenth. Shareholders of document on Thursday, December 2nd had been paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, December 1st. This represents a $0.56 annualized dividend and a yield of three.35%. Patria Investments’s payout ratio is 60.22%.
Patria Investments Firm Profile
Patria Investments Restricted operates as a personal market funding agency targeted on investing in Latin America. The corporate provides asset administration providers to traders specializing in personal fairness funds, infrastructure growth funds, co-investments funds, constructivist fairness funds, and actual property and credit score funds.
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