3,064 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Purchased by Aristides Capital LLC

Aristides Capital LLC acquired a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,064 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Algert Global LLC grew its position in PriceSmart by 2.2% in the 2nd quarter. Algert Global LLC now owns 103,815 shares of the company’s stock valued at $8,430,000 after acquiring an additional 2,225 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of PriceSmart by 2.8% in the second quarter. The Manufacturers Life Insurance Company now owns 13,600 shares of the company’s stock worth $1,104,000 after purchasing an additional 365 shares during the last quarter. Millennium Management LLC increased its stake in PriceSmart by 10.8% in the 2nd quarter. Millennium Management LLC now owns 84,846 shares of the company’s stock worth $6,889,000 after buying an additional 8,266 shares during the period. Deerfield Management Company L.P. Series C bought a new stake in PriceSmart during the 2nd quarter valued at about $934,000. Finally, EdgePoint Investment Group Inc. boosted its position in PriceSmart by 1.2% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 2,744,726 shares of the company’s stock valued at $222,872,000 after buying an additional 31,263 shares during the period. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PriceSmart

In other news, EVP Francisco Velasco sold 1,298 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $87.00, for a total value of $112,926.00. Following the completion of the transaction, the executive vice president now directly owns 81,751 shares of the company’s stock, valued at approximately $7,112,337. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Francisco Velasco sold 1,298 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $87.00, for a total transaction of $112,926.00. Following the completion of the transaction, the executive vice president now owns 81,751 shares in the company, valued at approximately $7,112,337. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sherry S. Bahrambeygui sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $84.37, for a total transaction of $801,515.00. Following the completion of the sale, the director now owns 61,216 shares of the company’s stock, valued at $5,164,793.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,904 shares of company stock valued at $1,806,714. 18.60% of the stock is currently owned by corporate insiders.

PriceSmart Stock Performance

Shares of PriceSmart stock opened at $91.78 on Tuesday. PriceSmart, Inc. has a 12 month low of $61.82 and a 12 month high of $92.76. The stock’s fifty day moving average price is $87.30 and its 200-day moving average price is $84.10. The firm has a market cap of $2.81 billion, a P/E ratio of 22.28 and a beta of 0.85. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share 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 analysts’ expectations of $1.21 billion. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. On average, equities research analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th.

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.