GAMMA Investing LLC Boosts Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

GAMMA Investing LLC lifted its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 96.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 823 shares of the company’s stock after buying an additional 405 shares during the quarter. GAMMA Investing LLC’s holdings in PriceSmart were worth $76,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in PriceSmart in the 2nd quarter worth about $28,000. Canada Pension Plan Investment Board acquired a new position in PriceSmart in the second quarter valued at approximately $32,000. Covestor Ltd boosted its stake in shares of PriceSmart by 237.4% during the 1st quarter. Covestor Ltd now owns 442 shares of the company’s stock worth $38,000 after acquiring an additional 311 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of PriceSmart during the 2nd quarter valued at approximately $40,000. Finally, Hantz Financial Services Inc. acquired a new stake in PriceSmart in the 2nd quarter worth about $45,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $93.21 on Wednesday. The firm has a market capitalization of $2.86 billion, a P/E ratio of 22.62 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $94.31. The company’s fifty day moving average is $88.00 and its two-hundred day moving average is $84.75.

Insider Activity at PriceSmart

In other news, EVP Francisco Velasco sold 827 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Francisco Velasco sold 827 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $91.03, for a total transaction of $75,281.81. Following the completion of the sale, the executive vice president now owns 84,385 shares of the company’s stock, valued at $7,681,566.55. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total transaction of $350,040.00. Following the transaction, the chief financial officer now directly owns 67,474 shares of the company’s stock, valued at approximately $5,904,649.74. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,292 shares of company stock worth $730,367. 18.60% of the stock is currently owned by insiders.

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.