Texas Permanent School Fund Corp Grows Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Texas Permanent School Fund Corp boosted its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,262 shares of the company’s stock after buying an additional 344 shares during the period. Texas Permanent School Fund Corp owned approximately 0.07% of PriceSmart worth $1,808,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in PriceSmart during the 2nd quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in PriceSmart by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after buying an additional 181 shares in the last quarter. Covestor Ltd grew its holdings in PriceSmart by 237.4% during the 1st quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after buying an additional 311 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of PriceSmart in the 2nd quarter worth approximately $45,000. Finally, nVerses Capital LLC purchased a new position in shares of PriceSmart in the 2nd quarter worth approximately $49,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 670 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total value of $59,663.50. Following the completion of the transaction, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at approximately $7,076,803.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Sherry S. Bahrambeygui sold 9,500 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $84.37, for a total value of $801,515.00. Following the completion of the transaction, the director now directly owns 61,216 shares of the company’s stock, valued at approximately $5,164,793.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Francisco Velasco sold 670 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total value of $59,663.50. Following the completion of the transaction, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at $7,076,803.50. The disclosure for this sale can be found here. In the last three months, insiders sold 20,904 shares of company stock valued at $1,806,714. Corporate insiders own 18.60% of the company’s stock.

PriceSmart Trading Up 0.1 %

Shares of NASDAQ PSMT opened at $89.06 on Thursday. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $86.71 and a two-hundred day simple moving average of $83.69. The firm has a market cap of $2.73 billion, a PE ratio of 21.62 and a beta of 0.85. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $92.76.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. Analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

PriceSmart Company 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.