nVerses Capital LLC Buys 400 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

nVerses Capital LLC raised its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 66.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,000 shares of the company’s stock after acquiring an additional 400 shares during the quarter. nVerses Capital LLC’s holdings in PriceSmart were worth $92,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of PriceSmart in the second quarter valued at about $28,000. Canada Pension Plan Investment Board acquired a new position in shares of PriceSmart in the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC grew its position in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after purchasing an additional 181 shares during the period. Covestor Ltd grew its position in shares of PriceSmart by 237.4% in the 1st quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after purchasing an additional 311 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in PriceSmart in the 2nd quarter valued at approximately $40,000. 80.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at PriceSmart

In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total value of $350,040.00. Following the transaction, the chief financial officer now directly owns 67,474 shares of the company’s stock, valued at $5,904,649.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total value of $350,040.00. Following the transaction, the chief financial officer now directly owns 67,474 shares of the company’s stock, valued at $5,904,649.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Francisco Velasco sold 827 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $91.03, for a total value of $75,281.81. Following the completion of the transaction, the executive vice president now directly owns 84,385 shares in the company, valued at approximately $7,681,566.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,497 shares of company stock worth $484,985. Company insiders own 18.60% of the company’s stock.

PriceSmart Stock Down 0.3 %

PSMT opened at $92.96 on Monday. PriceSmart, Inc. has a 1-year low of $61.82 and a 1-year high of $94.82. The stock’s fifty day simple moving average is $88.90 and its 200 day simple moving average is $85.04. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.85 billion, a PE ratio of 22.56 and a beta of 0.84.

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.