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

SG Americas Securities LLC purchased a new stake in Patria Investments Limited (NYSE:PAX) during the 3rd quarter, HoldingsChannel reports. The fund purchased 18,897 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PAX. Algert Global LLC purchased a new stake in shares of Patria Investments in the 2nd quarter valued at about $139,000. AdvisorNet Financial Inc increased 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 purchasing an additional 850 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Patria Investments during the 1st quarter valued at about $200,000. Entropy Technologies LP bought a new position in shares of Patria Investments during the 1st quarter valued at about $219,000. Finally, Allegheny Financial Group LTD increased 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 purchasing an additional 6,899 shares during the last quarter. Hedge funds and other institutional investors own 96.27% of the company’s stock.

Patria Investments Price Performance

Shares of Patria Investments stock opened at $11.22 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $670.62 million, a PE ratio of 20.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.58. The business’s 50-day moving average price is $11.36 and its 200-day moving average price is $12.32. Patria Investments Limited has a 12 month low of $10.63 and a 12 month high of $16.16.

Patria Investments (NYSE:PAX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.22 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 firm had revenue of $75.00 million for the quarter, compared to analyst estimates of $69.99 million. During the same period in the prior year, the company earned $0.30 EPS. Sell-side analysts forecast that Patria Investments Limited will post 1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.