Versor Investments LP Has $783,000 Position in PriceSmart, Inc. (NASDAQ:PSMT)

Versor Investments LP lowered its position in shares of PriceSmart, Inc. (NASDAQ:PSMTFree Report) by 7.2% during the fourth quarter, HoldingsChannel reports. The fund owned 10,327 shares of the company’s stock after selling 800 shares during the quarter. Versor Investments LP’s holdings in PriceSmart were worth $783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of PriceSmart in the third quarter worth $47,000. CWM LLC raised its position in shares of PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after acquiring an additional 802 shares during the last quarter. CI Investments Inc. acquired a new position in shares of PriceSmart in the third quarter worth approximately $158,000. Cerity Partners LLC acquired a new stake in shares of PriceSmart during the fourth quarter worth $272,000. Finally, Watershed Asset Management L.L.C. bought a new position in shares of PriceSmart in the 3rd quarter worth about $268,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Performance

Shares of PriceSmart stock traded down $0.51 on Friday, reaching $84.89. 81,776 shares of the company traded hands, compared to its average volume of 166,313. PriceSmart, Inc. has a 52 week low of $61.82 and a 52 week high of $86.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The company has a 50 day moving average of $82.11 and a 200 day moving average of $76.75. The firm has a market capitalization of $2.61 billion, a PE ratio of 21.33 and a beta of 0.92.

PriceSmart (NASDAQ:PSMTGet Free Report) last released its quarterly earnings data on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.24 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.28 billion. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. Equities analysts forecast that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

PriceSmart Dividend Announcement

The business also recently announced a None dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, April 18th. PriceSmart’s payout ratio is presently 29.15%.

Insider Transactions at PriceSmart

In related news, Director Edgar Zurcher sold 1,075 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $79.08, for a total transaction of $85,011.00. Following the completion of the transaction, the director now directly owns 8,822 shares in the company, valued at $697,643.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other PriceSmart news, Director Edgar Zurcher sold 1,075 shares of PriceSmart stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $79.08, for a total transaction of $85,011.00. Following the completion of the sale, the director now owns 8,822 shares of the company’s stock, valued at $697,643.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sherry S. Bahrambeygui sold 1,500 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $80.52, for a total value of $120,780.00. Following the transaction, the director now owns 98,508 shares in the company, valued at $7,931,864.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,458 shares of company stock valued at $1,598,435. 18.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PSMT has been the topic of several research analyst reports. TheStreet raised shares of PriceSmart from a “c+” rating to a “b-” rating in a research note on Tuesday, January 30th. Jefferies Financial Group upped their target price on shares of PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th.

Get Our Latest Report on PSMT

About PriceSmart

(Free Report)

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.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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