Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
Cayman IslandsIPO:
22 January 2021Website:
http://www.patria.comNext earnings report:
14 February 2025Last dividends:
18 November 2024Next dividends:
N/APrice
regular market | 10 min agoAnalysts recommendations
Institutional Ownership
PAX Latest News
Patria Investments has heavily underperformed global peers in the private capital industry, dropping -20.25% YTD. Q3 demonstrated strong organic fundraising of $2 billion, with most coming from their global segment, which had a substantial part of those inflows arriving from Brazilian investors wanting to invest abroad. Although the company had a yearly margin reduction based on fee-related earnings, at a 12x price-to-FRE, the stock valuation looks too attractive to ignore.
Patria Investments Limited (NASDAQ:PAX ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Rob Lee - Head, Shareholder Relations Alex Saigh - Chief Executive Officer Ana Russo - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Beatriz de Abreu - Goldman Sachs Ricardo Buchpiguel - BTG Pactual Guilherme Grespan - JPMorgan William Barranjard - Itau BBA Operator Good day and thank you for standing by. Welcome to the Patria Third Quarter 2024 Earnings Conference Call.
GRAND CAYMAN, Cayman Islands, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the third quarter ended September 30, 2024. The full detailed presentation of Patria's third quarter 2024 results can be accessed on the Shareholders section of Patria's website at https://ir.patria.com/.
Alternative investment firms like Blackstone, Brookfield, Apollo, and KKR excel by managing third-party funds, creating billionaire founders. Patria Investments is emerging as a leader in South America, rapidly growing AUM through M&A and fundraising. Despite impressive growth, Patria's share price has declined since its 2021 IPO, which is unwarranted given its flourishing business.
GRAND CAYMAN, Cayman Islands, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) announced today that it will release financial results for the third quarter 2024 on Tuesday, November 5, 2024, and host a conference call via public webcast at 9:00 a.m. ET.
Patria Investments' management changed the established capital allocation policy without prior notice. This new policy doesn't focus much on dividends. Due to a rapid reallocation of capital and a lack of transparency regarding future plans, I believe an investment in PAX stock doesn't make sense for dividend investors. As the satisfaction with the results of an investment in PAX can differ wildly, depending on the investment goal, I rate it a hold.
Patria is a global alternative asset manager with $40.3 billion in assets under management and a focus on Latin America. AUM growth in the last 12 months was over 40%. Despite a drop in net income and dividend reduction for 2024, Patria remains a top growth idea with a positive analyst outlook. The company's growth drivers include AUM growth, margin growth, reinvestment growth, and market price potential, making it a compelling long-term investment.
Patria is replicating Blackstone's business model, but it's far cheaper. It has recently also become the largest REIT asset manager in Brazil. High yield, high growth, and significant upside. What's not to like?
GRAND CAYMAN, Cayman Islands, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the second quarter ended June 30, 2024. The full detailed presentation of Patria's second quarter 2024 results can be accessed on the Shareholders section of Patria's website at https://ir.patria.com/.
Transaction advances Patria's efforts to consolidate the region's fragmented Real Estate market by adding a diversified and well-established platform in Colombia with over COP 3,000 billion (or approximately US$ 725 million) in assets under management across multiple strategies
- 1(current)
What type of business is Patria Investments Limited?
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. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, the Cayman Islands.
What sector is Patria Investments Limited in?
Patria Investments Limited is in the Financial Services sector
What industry is Patria Investments Limited in?
Patria Investments Limited is in the Asset Management industry
What country is Patria Investments Limited from?
Patria Investments Limited is headquartered in Cayman Islands
When did Patria Investments Limited go public?
Patria Investments Limited initial public offering (IPO) was on 22 January 2021
What is Patria Investments Limited website?
https://www.patria.com
Is Patria Investments Limited in the S&P 500?
No, Patria Investments Limited is not included in the S&P 500 index
Is Patria Investments Limited in the NASDAQ 100?
No, Patria Investments Limited is not included in the NASDAQ 100 index
Is Patria Investments Limited in the Dow Jones?
No, Patria Investments Limited is not included in the Dow Jones index
When was Patria Investments Limited the previous earnings report?
No data
When does Patria Investments Limited earnings report?
The next expected earnings date for Patria Investments Limited is 14 February 2025