Stock Ratings / Financials / PAX / insiders

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Patria Investments Limited (Class A) (PAX) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Q: Are PAX insiders and hedge funds buying or selling?

Roarable's SEC Form 4 and 13F Whale Thermometer currently classifies PAX leadership and institutional positioning as: BALANCED INSTITUTIONAL POSITIONING.

$9.18 -1.29% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $9.14

Patria Investments Limited (Class A) (PAX) carries a Roarable Rating of D- (Sell) with 41/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (41/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D- • RED ALERT Cap $1.49B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on PAX Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is PAX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Patria Investments Limited (Class A) (NASDAQ: PAX) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 41/100 at a spot price of $9.18 (-1.29% 1D, market cap $1.49B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 5/20, and SEC Balance-Sheet Forensics 9/20. Across 1096 tracked Financials issuers, PAX ranks #895 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does PAX compare to GAB and GAM in the Financials sector?

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Within the Financials sector (Investment Managers), PAX carries a Roarable D- (41/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, GAB (Gabelli Equity Trust Inc.) holds a D- grade (43/100 RQD, P/E N/A, ROIC —, cap $1.52B) and GAM (General American Investors Inc.) posts a D grade (50/100 RQD, P/E N/A, ROIC —, cap $1.53B). Among the 5-stock peer group, TSLX leads on earnings multiple (9.9x) while TSLX leads on capital efficiency (10.6% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for PAX?

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For Patria Investments Limited (Class A) (PAX), key quantitative strengths include Established market leader in Financials with deep daily trading liquidity. and sector rank #895 in Financials, while primary risk factors center on Company executives have done more routine share selling than personal cash buying lately. and Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $9.14 (-0.42%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 1% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (41/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.2% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-7.6% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for PAX)Realized 20D OHLCV Swing Band: ±6.9%

Deterministic 5-Pillar Attribution (41/100 Composite)

🔍 WHY PAX SCORES 41/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (32% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Cash Engine Quality+11/20 pts (27% of score)

SEC XBRL Trailing 12 Months: 1% FCF Margin ($41.7M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$11.64+3.4% Next Q

Q2 (-2Q)

Grade D$12.03-20.9% Next Q

Q3 (-1Q)

Grade D$9.52-3.6% Next Q

Current

Grade D-$9.18-7.2% Hist 90D α

Trajectory: D (49) → D- (41)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a PAX Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While PAX currently carries a cautious 41/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Financials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($10.78) and Max Pain ($9.64) forces dealer call-delta covering toward $18.69.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $PAX• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “PAX Beats Next Quarter EPS Consensus (Upcoming Quarter) & Holds Above 200D SMA”

YES 41%NO 59%Trade / Inspect Odds →

SEC FORM 4 × 13F HEDGE FUNDS × CONGRESSIONAL STOCK ACT

PAX Smart-Money Thermometer: BALANCED INSTITUTIONAL POSITIONING

Explore All 13F & Congress Whales →

▲ Disclosed Buys: 0 ($0)▼ Disclosed Sales: 0 ($0)

Wide-Open SEC Form 4, 13F & Congressional Disclosure Ledger (PAX)

No recent open-market Form 4 cluster sales or emergency dumps flagged on PAX. Visit the Global 13F & Congressional Whale Ledger for cross-market smart-money filings.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring PAX)

✓Walkthrough of PAX's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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PAX // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -27.60%🛡️ HOLDING TREND SUPPORT

2026-11-03O $9.30H $9.30L $9.18C $9.18VOL 1.23M

RES: $12.23SUP: $9.00SMA50: $10.78SMA200: $11.86

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PAX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 PAX Butterfly Map → + Track PAX →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on PAX today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PAX. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for PAX today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (PAX)

Financials Rank #895 of 1096 ⚔️ GAB vs PAX Full Matrix →

1. Head-to-Head Financials Peer Comparison (PAX vs. GAB, GAM, TSLX, OXLC)

Industry: Investment Managers (79 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Patria Investments Limited (Class A) (PAX) ranks #895 by composite RQD confidence (41/100, grade D-) and #485 by equity capitalization ($1.49B). Within this direct 5-issuer industry benchmark cohort, TSLX leads on earnings valuation at 9.9x trailing P/E, while TSLX leads on capital efficiency and profitability with 10.6% ROIC and — gross margin. TSLX currently holds the highest overall quantitative score in the immediate peer group at 58/100 (D+) compared with PAX at 41/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
PAX ACTIVE Patria Investments Limited (Class A)	D-	41/100	—	—	—	-1.29%	$1.49B	Benchmark Subject
GAB Gabelli Equity Trust Inc.	D-	43/100	—	—	—	-0.95%	$1.52B	/gab-vs-pax →
GAM General American Investors Inc.	D	50/100	—	—	—	-0.81%	$1.53B	/gam-vs-pax →
TSLX Sixth Street Specialty Lending Inc.	D+	58/100	9.9x	—	10.6%	+0.06%	$1.68B	/tslx-vs-pax →
OXLC Oxford Lane Capital Corp.	D-	43/100	—	—	—	-2.58%	$1.12B	/oxlc-vs-pax →

2. PAX Fundamental Profitability, Capital Efficiency & Balance-Sheet Forensics

TRAILING 12M & FORWARD QUANTITATIVE SNAPSHOT

Patria Investments Limited (Class A) (PAX) operates in Investment Managers (Financials) with an equity capitalization of $1.49B, trailing P/E of N/A, forward P/E of N/A, and EV/EBITDA of N/A. Operating profitability registers a gross margin of —, operating margin of —, net profit margin of —, ROIC of —, and free cash flow yield of —, alongside an Altman Z-Score of N/A and Piotroski F-Score of N/A.

3. PAX Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is PAX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does PAX compare to GAB and GAM in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for PAX?

Where is PAX trading relative to its 50-day, 200-day, and 52-week technical levels?

PAX last traded at $9.18 (-1.29% on volume of 1,225,877 shares), positioning the stock -14.84% below its 50-day simple moving average ($10.78) and -22.60% below its 200-day simple moving average ($11.86). Across its 52-week range of $9.05 to $17.80, PAX sits at the 1.5% percentile with a 14-day RSI of 28.5 (OVERSOLD (<32)) and an implied next-earnings move of ±6.9% ($8.55 to $9.81).

PAX Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

Are PAX insiders and hedge funds buying or selling?

Roarable's SEC Form 4 and 13F Whale Thermometer currently classifies PAX leadership and institutional positioning as: BALANCED INSTITUTIONAL POSITIONING.

Direct Sub-Reports: PAX RQD Cockpit PAX 12M Forecast PAX Earnings & Move PAX Dividends & DRIP PAX Insiders & 13F PAX Whale Options PAX Profit Sankey PAX News & Why

ROARABLE RATING BRIEF • RQD 41/100 (D-) ✓ STAGE-C NUMBER FIREWALL VERIFIED

PAX — Patria Investments Limited (Class A): What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T14:13:30Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, PAX scores 42 out of 100, grading D- under the verdict "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars break down as follows:

Fundamental Cash Engine: 11 / 20. Per the Roarable RQD rating, ROIC is 0% and FCF yield is 0%. For a prospective investor, this pillar signals that the source data does not show the business generating a return on invested capital or free cash flow relative to its valuation.
Whale / 13F Flow: 3 / 20. Per the Roarable RQD rating, this pillar covers institutional accumulation and options positioning. It is the weakest pillar, indicating little supportive institutional flow in the source data.
Insider Conviction: 9 / 20. Per the Roarable RQD rating, this pillar reflects SEC Form 4 and Congressional PTR cluster flow. The low score suggests insider and congressional activity does not offer a strong conviction signal.
Macro Regime Fit: 6 / 20. Per the Roarable RQD rating, beta is 1.0 with a sector sensitivity component. The stock's market-matching beta means it does not offer a defensive profile relative to the broader market.
Forensic Balance Sheet: 13 / 20. Per the Roarable RQD rating, Altman Z is 2.5, Piotroski F is 6/9, and Debt/Equity is 0.5. This is the strongest pillar, suggesting the balance sheet is more stable than the flow and cash-generation pillars.

Taken together, the upside case rests mainly on balance-sheet resilience, while the downside case rests on weak institutional flow and zero reported ROIC and FCF yield. Valuation tradeoffs cannot be fully assessed because P/E, forward P/E, and EV/EBITDA are not available in source data. This brief is educational and not personalized financial advice.

Recent Catalysts & News Wire Analysis

Per the recent news feed, six items reference PAX:

"Patria Announces Third Quarter 2026 Investor Call" (Yahoo Finance, YELLOW, Market Wire).
"Patria Investments: Pink Tide, Red Chart, Surging Yields" (Seeking Alpha, YELLOW, Market Wire).
"Patria Investments Limited Stock 12‑Month Price Target Cut to $15, Implies 47% Upside" (TradingView, RED, Risk Watch). This is the only item flagged as Risk Watch and reports a price target reduction.
"Patria Investments: Brazil Sold Off, But Most Of The Fees Are Not In Reais" (Seeking Alpha, YELLOW, Market Wire).
"Patria Investments Limited Estimates – NASDAQ:PAX" (TradingView, YELLOW, Market Wire).
"Patria Investments (NYSE:PAX) Sees Strong Trading Volume - What's Next?" (MarketBeat, YELLOW, Market Wire). This headline references NYSE while the profile lists NASDAQ, a discrepancy noted in Open Questions.

Per the Butterfly Supply-Chain Graph, supply chain is NONE, with no butterfly links and no proprietary signals.

Open Questions

What are PAX's actual revenue, operating income, net income, and free cash flow figures, given that the financials section is empty?
Why are P/E, forward P/E, EV/EBITDA, and EPS unavailable, and what would they show relative to the $9.3 price?
What drove the price-target cut to $15 referenced in the news feed, and who issued it?
Which exchange does PAX trade on, given the profile lists NASDAQ while one headline references NYSE?
What insider, institutional (13F), and congressional transactions underlie the 3/20 and 9/20 flow pillar scores?

PAX Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Patria Investments Limited (Class A) (PAX) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to PAX Debate Forum (3) ↓

🟡 MARKET WIRE Yahoo Finance • 20h ago

Patria Announces Third Quarter 2026 Investor Call

Yahoo Finance report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 23h ago

Patria Investments: Pink Tide, Red Chart, Surging Yields

Seeking Alpha report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH TradingView • 1d ago

Patria Investments Limited Stock 12‑Month Price Target Cut to $15, Implies 47% Upside

TradingView report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Seeking Alpha • 1d ago

Patria Investments: Brazil Sold Off, But Most Of The Fees Are Not In Reais (NASDAQ:PAX)

Seeking Alpha report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Patria Investments Limited Estimates – NASDAQ:PAX

TradingView report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Patria Investments (NYSE:PAX) Sees Strong Trading Volume - What's Next?

MarketBeat report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Stock Traders Daily • 1d ago

Liquidity Mapping Around (PAX) Price Events

Stock Traders Daily report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟢 CATALYST Seeking Alpha • 1d ago

Patria Investments: Strong AUM Growth, But Is The Expansion Creating Shareholder Value?

Seeking Alpha report covering Patria Investments Limited (Class A) (PAX) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

PAX Bull vs. Bear Conversation Board — What's Your Call at $9.18?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON PAX 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $8.18 (-12.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is PAX (D- • RQD 42/100) a Buy at $9.30?

Welcome to the PAX (Patria Investments Limited (Class A)) Roar Pit. Current RQD Composite is 42/100 (Roarable Sell — Vulnerable Balance Sheet & Flow) in Investment Managers. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

SH ShortSeller_Dan Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $7.16 (-23.0%)

Spot @ $9.30

Pump the brakes on PAX — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on PAX, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless Patria Investments Limited (Class A) expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

DE DeltaGamma_99 Verified K Arena Trader 🐂 BULLISH 🎯 Target: $10.79 (+16.0%)

Spot @ $9.30

PAX cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on PAX, the market is fixating on short-term headline noise in Investment Managers and ignoring the balance sheet and cash flow trajectory. At $9.30 (52-wk range $9.05 - $17.80), any beat on forward guidance forces shorts and underweight funds to chase.