PriceSmart, Inc. (NASDAQ:PSMT) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,278 shares of the company’s stock after purchasing an additional 237 shares during the period. Blue Trust Inc.’s holdings in PriceSmart were worth $117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its holdings in shares of PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares during the last quarter. GAMMA Investing LLC raised its stake in PriceSmart by 96.9% in the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares during the last quarter. nVerses Capital LLC lifted its holdings in PriceSmart by 66.7% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after purchasing an additional 400 shares in the last quarter. SG Americas Securities LLC acquired a new stake in PriceSmart during the 3rd quarter worth $124,000. Finally, CWM LLC grew its holdings in shares of PriceSmart by 30.4% during the third quarter. CWM LLC now owns 1,632 shares of the company’s stock worth $150,000 after buying an additional 380 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Price Performance

PSMT stock opened at $92.73 on Friday. The business has a 50 day simple moving average of $91.89 and a 200-day simple moving average of $89.75. The firm has a market capitalization of $2.84 billion, a PE ratio of 20.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. PriceSmart, Inc. has a 1 year low of $76.41 and a 1 year high of $99.23.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.22). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Equities research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Friday, January 31st.

Insider Activity at PriceSmart

In other news, CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $89.62, for a total value of $358,480.00. Following the completion of the sale, the chief financial officer now directly owns 62,141 shares of the company’s stock, valued at approximately $5,569,076.42. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 555 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total value of $50,183.10. Following the completion of the sale, the executive vice president now owns 79,008 shares in the company, valued at $7,143,903.36. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,497 shares of company stock worth $1,934,398. Company insiders own 17.10% of the company’s stock.

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.