Patria Investments (NYSE:PAX) Sees Unusually-High Trading Volume – Still a Buy?

Patria Investments Limited (NYSE:PAX) shares saw unusually-strong trading volume on Wednesday . Approximately 657,905 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 446,071 shares.The stock last traded at $11.83 and had previously closed at $11.75.

Analyst Ratings Changes

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

Patria Investments Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 0.99. The company has a 50-day moving average of $11.32 and a 200-day moving average of $12.20. The firm has a market capitalization of $700.47 million, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58.

Patria Investments (NYSE:PAX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Patria Investments had a return on equity of 34.20% and a net margin of 26.01%. The business had revenue of $75.00 million during the quarter, compared to analyst estimates of $69.99 million. During the same period in the previous year, the firm earned $0.30 EPS. As a group, research analysts anticipate that Patria Investments Limited will post 1.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Patria Investments

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in shares of Patria Investments by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 2,424,862 shares of the company’s stock worth $29,244,000 after purchasing an additional 389,331 shares during the last quarter. Millennium Management LLC increased its stake in shares of Patria Investments by 42.2% during the 2nd quarter. Millennium Management LLC now owns 976,337 shares of the company’s stock worth $11,775,000 after purchasing an additional 289,830 shares during the last quarter. Capital International Inc. CA increased its stake in shares of Patria Investments by 6.2% during the 1st quarter. Capital International Inc. CA now owns 947,997 shares of the company’s stock worth $14,068,000 after purchasing an additional 55,065 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Patria Investments by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 419,823 shares of the company’s stock worth $6,230,000 after purchasing an additional 58,443 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Patria Investments by 10.3% during the 2nd quarter. National Bank of Canada FI now owns 243,447 shares of the company’s stock worth $2,963,000 after purchasing an additional 22,825 shares during the last quarter. 96.27% of the stock is owned by institutional investors.

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.