Patria Investments (NYSE:PAX) Sees Unusually-High Trading Volume - Should You Buy?

Patria Investments Limited (NYSE:PAX - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 657,905 shares changed 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 Upgrades and Downgrades

Separately, The Goldman Sachs Group decreased their target price on shares of 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 Stock Performance

The company's fifty day simple moving average is $11.32 and its 200 day simple moving average is $12.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $694.58 million, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.47 and a beta of 0.58.

Patria Investments (NYSE:PAX - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Patria Investments had a net margin of 26.01% and a return on equity of 34.20%. The firm had revenue of $75.00 million for the quarter, compared to analysts' expectations of $69.99 million. During the same period in the prior year, the firm earned $0.30 EPS. On average, equities research analysts expect that Patria Investments Limited will post 1.11 earnings per share for the current year.

Institutional Investors Weigh In On Patria Investments

Institutional investors have recently modified their holdings of the business. Coronation Fund Managers Ltd. grew its position in Patria Investments by 1.3% during the second quarter. Coronation Fund Managers Ltd. now owns 93,916 shares of the company's stock worth $1,133,000 after buying an additional 1,228 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Patria Investments by 1.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 128,799 shares of the company's stock worth $1,912,000 after purchasing an additional 2,405 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Patria Investments by 24.9% in the second quarter. Commonwealth Equity Services LLC now owns 22,851 shares of the company's stock worth $276,000 after purchasing an additional 4,551 shares during the period. Mendota Financial Group LLC acquired a new position in Patria Investments in the third quarter valued at about $56,000. Finally, MQS Management LLC lifted its position in Patria Investments by 32.9% during the second quarter. MQS Management LLC now owns 24,977 shares of the company's stock worth $301,000 after purchasing an additional 6,190 shares during the period. Institutional investors own 96.27% of the company's stock.

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.