State of Alaska Department of Revenue Lowers Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

State of Alaska Department of Revenue reduced its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,113 shares of the company’s stock after selling 237 shares during the quarter. State of Alaska Department of Revenue’s holdings in PriceSmart were worth $1,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of PSMT. Heck Capital Advisors LLC bought a new position in PriceSmart in the fourth quarter worth approximately $53,000. MassMutual Private Wealth & Trust FSB raised its position in shares of PriceSmart by 3,905.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after acquiring an additional 664 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of PriceSmart by 96.9% during the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $76,000 after purchasing an additional 405 shares during the last quarter. nVerses Capital LLC boosted its position in PriceSmart by 66.7% during the third 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. Finally, Blue Trust Inc. grew its stake in PriceSmart by 423.1% in the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $96,000 after purchasing an additional 842 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

Insider Activity at PriceSmart

In related news, CFO Michael Mccleary sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $89.67, for a total value of $358,680.00. Following the completion of the sale, the chief financial officer now owns 58,141 shares of the company’s stock, valued at approximately $5,213,503.47. The trade was a 6.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gordon H. Hanson sold 1,107 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $87.22, for a total transaction of $96,552.54. Following the sale, the director now directly owns 6,862 shares of the company’s stock, valued at $598,503.64. This represents a 13.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,962 shares of company stock worth $1,911,398. 17.10% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

Shares of PSMT stock opened at $93.55 on Thursday. The business has a fifty day moving average of $92.15 and a 200 day moving average of $89.95. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $99.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 20.61 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last issued its quarterly 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 EPS. As a group, research analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is 25.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday.

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.