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Patria Investments (PAX)
NASDAQ:PAX
PAX Stock Chart & Stats
$12.33
$0.03(0.26%)
At close: 4:00 PM EST
$12.33
$0.03(0.26%)
Day’s Range― - ―
52-Week Range$9.43 - $17.80
Previous CloseN/A
Volume98.69K
Average Volume (3M)1.20M
Market Cap
$1.97B
Enterprise Value$2.09B
Total Cash (Recent Filing)$90.10M
Total Debt (Recent Filing)$174.90M
Price to Earnings (P/E)29.3
Beta0.94
Next Earnings
Apr 30, 2026EPS Estimate
0.31Next Dividend Ex-DateN/A
Dividend Yield3.78%
Share Statistics
EPS (TTM)0.50
Shares Outstanding66,521,570
10 Day Avg. Volume1,016,762
30 Day Avg. Volume1,198,920
Financial Highlights & Ratios
PEG Ratio1.97
Price to Book (P/B)4.06
Price to Sales (P/S)6.54
P/FCF Ratio0.00
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue5.45
Enterprise Value/Gross Profit6.38
Enterprise Value/Ebitda13.56
Forecast
1Y Price Target
$18.50Price Target Upside50.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.36
Revenue Forecast (FY)$434.77M
Bulls Say, Bears Say
Bulls Say
Scale Of AUMReaching over $50bn AUM is a durable competitive advantage: it deepens the recurring fee base, improves fundraising credibility, and enables scale-driven cost efficiencies. Larger AUM supports diversified product distribution and long-term fee revenue resilience across cycles.
Growing Fee-Earning BaseSequential and YoY growth in fee-earning AUM and fee-related earnings indicates a more predictable, recurring revenue mix. This reduces reliance on lumpy carried interest, strengthens cash flows from management fees, and supports multi-year revenue visibility critical for an asset manager's long-term model.
Balance Sheet & Cash ConversionA conservative capital structure with low leverage plus near-1.0 FCF-to-net-income conversion indicates strong cash generation. That financial flexibility supports reinvestment, dividend policy, acquisitions and weathering fundraising cycles, enhancing long-term operational stability.
Bears Say
Lumpy Performance FeesAbsence of carried interest in a quarter underscores the inherent volatility of performance fees. Heavy reliance on realization timing makes earnings and distributable cash more episodic, complicating forecasting and increasing sensitivity to exit markets over multi-quarter horizons.
Rising Operating ExpensesElevated personnel costs and intangible amortization can erode margin expansion from AUM growth. If expense growth outpaces fee revenue over several quarters, return on equity and distributable earnings could be pressured, reducing scalable operating leverage from larger AUM.
Slight Margin CompressionA decline in EBIT margin, while modest, signals rising cost or efficiency pressures as the business scales. Sustained margin compression would impair profitability leverage from higher AUM and could limit reinvestment capacity or dividend growth absent stronger fee rate improvements.
Patria Investments News
PAX FAQ
What was Patria Investments’s price range in the past 12 months?
Patria Investments lowest stock price was $9.43 and its highest was $17.80 in the past 12 months.
What is Patria Investments’s market cap?
Patria Investments’s market cap is $1.97B.
When is Patria Investments’s upcoming earnings report date?
Patria Investments’s upcoming earnings report date is Apr 30, 2026 which is in 55 days.
How were Patria Investments’s earnings last quarter?
Patria Investments released its earnings results on Feb 03, 2026. The company reported $0.5 earnings per share for the quarter, beating the consensus estimate of $0.451 by $0.049.
Is Patria Investments overvalued?
According to Wall Street analysts Patria Investments’s price is currently Undervalued.
Does Patria Investments pay dividends?
Patria Investments pays a Quarterly dividend of $0.15 which represents an annual dividend yield of 3.78%. See more information on Patria Investments dividends here
What is Patria Investments’s EPS estimate?
Patria Investments’s EPS estimate is 0.31.
How many shares outstanding does Patria Investments have?
Patria Investments has 66,521,570 shares outstanding.
What happened to Patria Investments’s price movement after its last earnings report?
Patria Investments reported an EPS of $0.5 in its last earnings report, beating expectations of $0.451. Following the earnings report the stock price went down -4.479%.
Which hedge fund is a major shareholder of Patria Investments?
Currently, no hedge funds are holding shares in PAX
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Patria Investments Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$18.50 (50.04% Upside)
$18.50 (50.04% Upside)
Blogger Sentiment
Bullish
PAX Sentiment 100%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 42.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 1.0%
Last 30 Days ▲ 3.0%
Last 30 Days ▲ 3.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
19.88%
12-Months-Change
Fundamentals
Return on Equity
15.57%
Trailing 12-Months
Asset Growth
23.50%
Trailing 12-Months
Company Description
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. Patria Investments Limited was founded in 1994 and is headquartered in Grand Cayman, the Cayman Islands.
PAX Company Deck
PAX Earnings Call
Q4 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized multiple clear positives — record fundraising ($7.7B), robust FEAUM growth (+24% YoY to $40.8B and ~$47.4B pro forma), FRE growth (+19% YoY to ~$202.5M), margin expansion, strategic acquisitions expanding scale in credit and REITs, stronger balance sheet metrics (net debt / FRE 0.5x), and a higher dividend policy. Offsetting these strengths are near-term challenges: a notable decline in net accrued performance fees (Q3→Q4), underperforming private equity vintages that lowered carry, elevated one-time M&A transaction costs, and some litigation exposure. Management articulated confidence in hitting 2026–2027 FRE and fundraising targets while acknowledging PRE timing risk. Overall, the highlights materially outweigh the lowlights, with most risks framed as timing or one-off items rather than structural weaknesses.View all PAX earnings summariesPAX Stock 12 Month Forecast
Average Price Target
$18.50
▲(50.04% Upside)
Technical Analysis
Artisan Partners
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Goldman Sachs BDC
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Bain Capital Specialty Finance
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GCM Grosvenor
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Vinci Partners Investments
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Ownership Overview
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Insiders
27.58% Mutual Funds
18.18% Other Institutional Investors
46.41% Public Companies and
Individual Investors