Public Sector Pension Investment Board cut its position in PriceSmart, Inc. (NASDAQ:PSMT) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,900 shares of the company’s stock after selling 6,500 shares during the period. Public Sector Pension Investment Board’s holdings in PriceSmart were worth $3,544,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PSMT. Benjamin F. Edwards & Company Inc. raised its holdings in PriceSmart by 168.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 370 shares of the company’s stock worth $26,000 after purchasing an additional 232 shares during the period. Squar Milner Financial Services LLC grew its position in PriceSmart by 256.6% in the fourth quarter. Squar Milner Financial Services LLC now owns 624 shares of the company’s stock valued at $44,000 after purchasing an additional 449 shares in the last quarter. PNC Financial Services Group Inc. grew its position in PriceSmart by 133.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,064 shares of the company’s stock valued at $76,000 after purchasing an additional 608 shares in the last quarter. Quantbot Technologies LP bought a new position in PriceSmart in the fourth quarter valued at $143,000. Finally, Janney Montgomery Scott LLC bought a new position in PriceSmart in the fourth quarter valued at $207,000. Institutional investors own 74.92% of the company’s stock.
PriceSmart stock traded up $1.88 during mid-day trading on Thursday, reaching $51.97. The company’s stock had a trading volume of 25,220 shares, compared to its average volume of 213,700. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.03 and a beta of 0.97. PriceSmart, Inc. has a 12 month low of $41.15 and a 12 month high of $79.90. The business’s 50 day simple moving average is $55.29 and its 200 day simple moving average is $65.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.39 and a current ratio of 1.22.
PriceSmart (NASDAQ:PSMT) last released its earnings results on Thursday, January 9th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. PriceSmart had a net margin of 2.40% and a return on equity of 10.58%. The business had revenue of $811.94 million during the quarter, compared to the consensus estimate of $827.30 million. During the same quarter last year, the firm earned $0.74 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.
The company also recently disclosed a semi-annual dividend, which will be paid on Monday, August 31st. Stockholders of record on Saturday, August 15th will be given a $0.35 dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, August 13th.
Separately, BidaskClub raised shares of PriceSmart from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.70.
In other news, Director Robert E. Price sold 10,000 shares of PriceSmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $64.80, for a total value of $648,000.00. Following the completion of the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $5,184. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 50,000 shares of company stock valued at $2,937,700. Insiders own 27.10% of the company’s stock.
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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