Patria Investments Limited (NYSE:PAX) has seen a notable surge in its stock holdings by key institutional players, signaling growing confidence in the Latin American focused private market investment firm. Cwm LLC, a prominent investment manager, led this trend by significantly increasing its stake in PAX during the first quarter, a move that has garnered attention across financial markets.
Specifically, Cwm LLC dramatically boosted its position in Patria Investments shares by an impressive 85.1% in the first quarter, as reported by HoldingsChannel. This substantial acquisition saw the firm adding an additional 2,345 shares, bringing their total ownership to 5,099 shares. At the close of the most recent quarter, Cwm LLC’s holdings in Patria Investments were valued at $58,000, underscoring their expanded commitment to the company’s prospects.
Cwm LLC was not alone in recognizing the potential of Patria Investments. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., another significant institutional investor, also expanded its position in the company by 4.9% during the fourth quarter. This increase resulted in MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. holding 31,590 shares of Patria Investments stock, valued at $367,000, after purchasing an additional 1,487 shares.
Further reinforcing this trend of increased institutional interest, AdvisorNet Financial Inc. reported a 31.9% growth in its Patria Investments holdings during the first quarter, now owning 7,240 shares worth $82,000. Perhaps even more striking, GAMMA Investing LLC grew its stake by an astonishing 888.9% in the same quarter, bringing their total to 3,827 shares valued at $43,000, indicating a strong bullish sentiment from these investment firms.
Other notable additions to Patria Investments’ institutional ownership include Public Employees Retirement System of Ohio, which increased its holdings by 38.5% in the fourth quarter to 13,300 shares worth $155,000. MetLife Investment Management LLC also saw a 12.8% growth in its holdings during the fourth quarter, accumulating 36,111 shares valued at $420,000. These collective movements highlight a broad base of confidence among diverse institutional investors.
The combined activity of these hedge funds and institutional investors means that 96.27% of Patria Investments stock is now owned by such entities, a significant proportion that speaks to the company’s standing in the investment community. On the market, PAX stock opened at $13.34 on a recent Friday, with its fifty-day simple moving average at $13.66 and its 200-day simple moving average at $12.18, providing a snapshot of its recent price performance and market stability.
A closer look at Patria Investments’ financial health reveals solid ratios, including a quick ratio and current ratio both at 0.91, and a manageable debt-to-equity ratio of 0.31. The company’s stock has traded within a 12-month low of $9.43 and a 12-month high of $14.52. With a market capitalization of $808.95 million, a P/E ratio of 26.68, a P/E/G ratio of 1.28, and a beta of 0.69, Patria Investments presents a nuanced financial profile for potential investors.
Patria Investments Limited distinguishes itself as a dedicated private market investment firm with a core focus on the Latin American region. The company provides a comprehensive suite of asset management services, catering to investors interested in various fund types including private equity, infrastructure development, co-investments, constructivist equity, and real estate and credit funds, showcasing its diversified approach to investment. This specialized focus on Latin American markets offers unique growth opportunities.
The consistent increase in Patria Investments stock holdings by various institutional investors underscores the firm’s attractive position within the global financial landscape. These strategic movements by major players like Cwm LLC and others are closely watched by market analysts, providing insights into potential future trends for PAX stock and the broader private equity market, making it a key focus for those tracking investment opportunities.