Bleakley Financial Group LLC Boosts Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Bleakley Financial Group LLC boosted its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 1.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,537 shares of the company’s stock after buying an additional 305 shares during the quarter. Bleakley Financial Group LLC owned approximately 0.05% of PriceSmart worth $1,524,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in shares of PriceSmart in the fourth quarter valued at $53,000. MassMutual Private Wealth & Trust FSB raised its stake in PriceSmart by 3,905.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after purchasing an additional 664 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 in the last quarter. nVerses Capital LLC boosted its stake in shares of PriceSmart by 66.7% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after purchasing an additional 400 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of PriceSmart by 423.1% during the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after buying an additional 842 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Buying and Selling

In other PriceSmart news, 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 completion of the sale, the director now owns 6,862 shares of the company’s stock, valued at approximately $598,503.64. The trade was a 13.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 62,141 shares in the company, valued at approximately $5,569,076.42. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,497 shares of company stock valued at $1,934,398. Insiders own 17.10% of the company’s stock.

PriceSmart Price Performance

Shares of NASDAQ:PSMT opened at $91.66 on Friday. The company has a market cap of $2.81 billion, a P/E ratio of 20.19 and a beta of 0.85. The business has a fifty day simple moving average of $91.89 and a 200-day simple moving average of $89.75. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $99.23. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The company had revenue of $1.26 billion for 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 company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. Equities research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

Analysts Set New Price Targets

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

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.