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Stock impact report

Patria Investments Faces Governance Questions And Reassessment Of Dividend Resilience [Yahoo! Finance]

Patria Investments Limited - Class A Common Shares (PAX) 
Company Research Source: Yahoo! Finance
Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Allegations have emerged that Patria Investments may have overstated performance in certain funds and used off balance sheet loans to manage reported results. The company has seen its CFO resign, changed auditors, and experienced the exit of a major stakeholder, raising fresh governance and financial risk questions. These issues have surfaced recently and have not been widely discussed in prior coverage of NasdaqGS:PAX. For investors considering NasdaqGS:PAX, these governance concerns follow a mixed share price record. The stock trades at $13.12, with a 21.0% gain over the past year but double digit declines of 6.3% over the past week, 15.1% over the past month, and 17.6% year to date. That combination of recent weakness and longer term volatility places additional emphasis on any questions around how results are produced and reported. Show less Read more
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