State of New Jersey Common Pension Fund D Has $1.85 Million Stake in PriceSmart, Inc. (NASDAQ:PSMT)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 32.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,788 shares of the company’s stock after selling 10,909 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of PriceSmart worth $1,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in PriceSmart by 201.5% during the 1st quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock valued at $1,711,000 after purchasing an additional 13,614 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in PriceSmart in the 1st quarter valued at $2,673,000. Capstone Investment Advisors LLC boosted its position in PriceSmart by 249.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock valued at $1,585,000 after buying an additional 13,461 shares during the last quarter. Simplicity Wealth LLC bought a new position in PriceSmart in the 2nd quarter valued at $1,202,000. Finally, LSV Asset Management boosted its position in PriceSmart by 938.5% in the 1st quarter. LSV Asset Management now owns 181,971 shares of the company’s stock valued at $15,286,000 after buying an additional 164,449 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 670 shares of the firm’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 transaction, the executive vice president now directly owns 79,470 shares in the company, valued at approximately $7,076,803.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Francisco Velasco sold 670 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $89.05, for a total transaction of $59,663.50. Following the sale, the executive vice president now owns 79,470 shares of the company’s stock, valued at approximately $7,076,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David R. Price sold 2,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $87.85, for a total value of $175,700.00. Following the sale, the executive vice president now directly owns 51,768 shares in the company, valued at approximately $4,547,818.80. The disclosure for this sale can be found here. Insiders have sold 20,904 shares of company stock worth $1,806,714 in the last three months. Insiders own 18.60% of the company’s stock.

PriceSmart Stock Down 1.4 %

Shares of PSMT opened at $89.00 on Tuesday. PriceSmart, Inc. has a 52 week low of $61.82 and a 52 week high of $92.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 21.60 and a beta of 0.85. The business’s fifty day moving average price is $87.16 and its two-hundred day moving average price is $83.83.

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

About PriceSmart

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.