Catalyst Capital Advisors LLC Purchases 1,064 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Catalyst Capital Advisors LLC increased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,064 shares of the company’s stock after acquiring an additional 1,064 shares during the period. Catalyst Capital Advisors LLC’s holdings in PriceSmart were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in PriceSmart in the third quarter valued at about $124,000. CWM LLC lifted its holdings in shares of PriceSmart by 30.4% in the third quarter. CWM LLC now owns 1,632 shares of the company’s stock worth $150,000 after acquiring an additional 380 shares during the last quarter. Creative Planning boosted its stake in shares of PriceSmart by 3.2% in the 3rd quarter. Creative Planning now owns 7,720 shares of the company’s stock valued at $709,000 after purchasing an additional 236 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of PriceSmart by 66.7% during 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 during the last quarter. Finally, Blue Trust Inc. increased its position in PriceSmart by 423.1% during the 3rd quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after purchasing an additional 842 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

PriceSmart Price Performance

Shares of PSMT opened at $91.14 on Tuesday. The business has a 50-day simple moving average of $92.14 and a two-hundred day simple moving average of $90.00. PriceSmart, Inc. has a 12-month low of $77.51 and a 12-month high of $99.23. The stock has a market cap of $2.79 billion, a PE ratio of 20.07 and a beta of 0.85. 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 issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business earned $1.24 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

PriceSmart Announces Dividend

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

Analyst Ratings Changes

Separately, StockNews.com lowered shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Monday, February 10th.

Insider Buying and Selling

In other PriceSmart news, EVP Francisco Velasco sold 555 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total transaction of $50,183.10. Following the completion of the sale, the executive vice president now owns 79,008 shares of the company’s stock, valued at approximately $7,143,903.36. This represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John D. Hildebrandt sold 580 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $92.40, for a total transaction of $53,592.00. Following the transaction, the chief operating officer now owns 858 shares of the company’s stock, valued at approximately $79,279.20. The trade was a 40.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,162 shares of company stock valued at $1,930,402 over the last 90 days. 17.10% of the stock is owned by insiders.

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.