Personal CFO Solutions LLC Acquires 140 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Personal CFO Solutions LLC boosted its position in PriceSmart, Inc. (NASDAQ:PSMT) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,036 shares of the company’s stock after acquiring an additional 140 shares during the period. Personal CFO Solutions LLC’s holdings in PriceSmart were worth $280,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PSMT. QRG Capital Management Inc. lifted its position in shares of PriceSmart by 8.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,496 shares of the company’s stock worth $321,000 after purchasing an additional 270 shares during the period. Victory Capital Management Inc. raised its holdings in shares of PriceSmart by 330.0% during the third quarter. Victory Capital Management Inc. now owns 22,615 shares of the company’s stock valued at $2,076,000 after purchasing an additional 17,356 shares during the last quarter. Royce & Associates LP raised its holdings in shares of PriceSmart by 1.3% during the third quarter. Royce & Associates LP now owns 24,094 shares of the company’s stock valued at $2,211,000 after purchasing an additional 312 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of PriceSmart by 4.6% during the third quarter. Thrivent Financial for Lutherans now owns 25,983 shares of the company’s stock valued at $2,384,000 after purchasing an additional 1,152 shares during the last quarter. Finally, Quest Partners LLC raised its holdings in shares of PriceSmart by 45.9% during the third quarter. Quest Partners LLC now owns 12,009 shares of the company’s stock valued at $1,102,000 after purchasing an additional 3,779 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Monday.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, Director Gordon H. Hanson sold 1,107 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $87.22, for a total transaction of $96,552.54. Following the completion of the sale, the director now directly owns 6,862 shares of the company’s stock, valued at approximately $598,503.64. This represents a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Fisher sold 1,700 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the transaction, the director now owns 16,911 shares of the company’s stock, valued at approximately $1,606,545. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,162 shares of company stock valued at $1,930,402. Insiders own 17.10% of the company’s stock.

PriceSmart Stock Down 1.1 %

Shares of PSMT stock opened at $87.87 on Tuesday. PriceSmart, Inc. has a 12 month low of $77.51 and a 12 month high of $99.23. The stock has a market cap of $2.69 billion, a P/E ratio of 19.35 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $90.54 and a two-hundred day simple moving average of $90.51.

PriceSmart (NASDAQ:PSMT) last announced its earnings results on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted $1.24 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, February 18th. PriceSmart’s dividend payout ratio is currently 27.75%.

PriceSmart Profile

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.