Patria Investments Ltd (NASDAQ:PAX), a company specializing in investment advice, today disclosed a change in its auditor. According to the SEC Form 6-K filing, the Cayman Islands-based firm, which maintains a solid financial health score of "GOOD" according to InvestingPro analysis, has made this update as part of its regular reporting for April 2025. The company, currently trading at $10.46, shows promising fundamentals with a 14.22% revenue growth over the last twelve months.
The document, signed by Chief Financial Officer Ana Cristina Russo, did not specify the reason for the change or name the incoming or outgoing audit firms. The company, with its principal executive office located at 60 Nexus Way, Camana Bay, Grand Cayman, is required to file annual reports under Form 20-F, which is designated for foreign private issuers in the United States. With its upcoming earnings report scheduled for May 2, 2025, investors can access comprehensive analysis and detailed metrics through InvestingPro’s exclusive research reports.
Patria Investments operates within the investment advice sector under the standard industrial classification code 6282. This change in auditor is a significant event for the company, as auditors play a critical role in ensuring the accuracy and reliability of a company’s financial statements.
The filing with the SEC ensures that shareholders and the investing public are kept informed about the company’s corporate governance practices. Changes in auditors can sometimes indicate internal changes within a company, but without additional details from the filing, the implications of this particular change remain unclear.
The report is dated April 25, 2025, and the information is based on a press release statement from Patria Investments Ltd. The company’s contact number is listed as +1 345 640 4900, and the SEC filing number for this report is 001-39911.
Investors and stakeholders in Patria Investments Ltd may monitor the company’s filings and announcements for further details regarding the change of auditor and any potential impact this may have on the company’s financial reporting in the future. The company has demonstrated consistent financial performance, maintaining dividend payments for five consecutive years and achieving a healthy gross profit margin of 61.57%.
In other recent news, Patria Investments Limited has updated the record date for its upcoming quarterly cash dividend to February 25, 2025, from the previously announced February 28, 2025. Shareholders of record by this new date will be eligible for a dividend payment of $0.15 per share, with the payment date remaining unchanged at March 17, 2025. Additionally, Patria Investments is nearing the completion of a significant transaction involving the sale of the Aguas Pacifico desalination project in Chile. This project is being transferred from Patria Infrastructure Fund III to Patria Infrastructure Fund V and other global investors, with the transaction expected to finalize in the first quarter of 2025. The project, which addresses severe water scarcity in Chile, underscores Patria’s strategic focus on investing in critical infrastructure. Patria’s approach involves collaboration with sovereign wealth funds and institutional investors, highlighting the long-term investment appeal of such projects. These developments are part of Patria’s broader strategy to deliver consistent returns while fostering sustainable value in Latin America.
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