GSA Capital Partners LLP acquired a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,298 shares of the company’s stock, valued at approximately $254,000.
A number of other institutional investors have also recently made changes to their positions in the business. ETF Managers Group LLC grew its stake in PriceSmart by 15.6% during the fourth quarter. ETF Managers Group LLC now owns 1,555 shares of the company’s stock worth $92,000 after buying an additional 210 shares in the last quarter. Victory Capital Management Inc. grew its stake in PriceSmart by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 6,654 shares of the company’s stock worth $393,000 after buying an additional 260 shares in the last quarter. M&T Bank Corp grew its stake in PriceSmart by 3.9% during the fourth quarter. M&T Bank Corp now owns 7,096 shares of the company’s stock worth $419,000 after buying an additional 265 shares in the last quarter. Teachers Advisors LLC grew its stake in PriceSmart by 1.1% during the third quarter. Teachers Advisors LLC now owns 55,601 shares of the company’s stock worth $4,501,000 after buying an additional 612 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in PriceSmart by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 7,521 shares of the company’s stock worth $609,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 74.49% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. BidaskClub downgraded shares of PriceSmart from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 31st. Finally, ValuEngine downgraded shares of PriceSmart from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. PriceSmart has an average rating of “Hold” and an average price target of $77.00.
In other news, EVP Rodrigo Calvo sold 2,117 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $65.89, for a total value of $139,489.13. Following the sale, the executive vice president now directly owns 16,183 shares in the company, valued at approximately $1,066,297.87. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert E. Price sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $64.33, for a total transaction of $643,300.00. Following the completion of the sale, the director now owns 80 shares in the company, valued at $5,146.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,309 shares of company stock worth $1,443,264. 27.10% of the stock is currently owned by corporate insiders.
PSMT opened at $61.60 on Friday. PriceSmart, Inc. has a 1-year low of $55.53 and a 1-year high of $94.45. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.38 and a current ratio of 1.30. The company has a market capitalization of $1.89 billion, a PE ratio of 25.35 and a beta of 0.89.
PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, January 9th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. PriceSmart had a net margin of 2.09% and a return on equity of 11.73%. The company had revenue of $779.60 million for the quarter, compared to the consensus estimate of $795.03 million. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that PriceSmart, Inc. will post 2.67 earnings per share for the current year.
The business also recently declared a semiannual dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were paid a $0.35 dividend. The ex-dividend date was Thursday, February 14th. This represents a dividend yield of 1.15%. PriceSmart’s payout ratio is currently 28.81%.
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PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.
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