2,957 Shares in PriceSmart, Inc. $PSMT Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 2,957 shares of the company’s stock, valued at approximately $578,000.

Several other institutional investors have also modified their holdings of PSMT. Geneos Wealth Management Inc. grew its holdings in shares of PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares during the period. UMB Bank n.a. raised its stake in PriceSmart by 76.0% during the fourth quarter. UMB Bank n.a. now owns 227 shares of the company’s stock worth $28,000 after purchasing an additional 98 shares during the period. CENTRAL TRUST Co purchased a new position in PriceSmart during the fourth quarter worth about $32,000. Bell Investment Advisors Inc purchased a new position in PriceSmart during the second quarter worth about $40,000. Finally, Osaic Holdings Inc. boosted its holdings in PriceSmart by 57.2% in the 2nd quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Transactions at PriceSmart

In related news, EVP Francisco Velasco sold 338 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $177.87, for a total transaction of $60,120.06. Following the completion of the transaction, the executive vice president owned 75,321 shares of the company’s stock, valued at approximately $13,397,346.27. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Beatriz V. Infante sold 800 shares of PriceSmart stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $195.98, for a total transaction of $156,784.00. Following the completion of the sale, the director owned 11,210 shares of the company’s stock, valued at $2,196,935.80. This trade represents a 6.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,737 shares of company stock worth $1,506,176. 17.00% of the stock is currently owned by insiders.

PriceSmart Stock Down 2.1%

Shares of PSMT opened at $169.34 on Friday. The company’s 50-day moving average price is $185.62 and its 200 day moving average price is $168.05. PriceSmart, Inc. has a 12-month low of $106.87 and a 12-month high of $199.84. The company has a current ratio of 1.28, a quick ratio of 0.53 and a debt-to-equity ratio of 0.08. The firm has a market cap of $5.23 billion, a P/E ratio of 32.50 and a beta of 0.76.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, July 8th. The company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.04). PriceSmart had a return on equity of 12.16% and a net margin of 2.82%.The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $1.14 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PSMT. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a $198.00 price objective on shares of PriceSmart in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $198.00.

PriceSmart Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.