1,090 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Purchased by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,090 shares of the company’s stock, valued at approximately $89,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PSMT. GSA Capital Partners LLP raised its holdings in shares of PriceSmart by 201.5% during the first quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock valued at $1,711,000 after purchasing an additional 13,614 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in PriceSmart during the 1st quarter valued at $2,673,000. Capstone Investment Advisors LLC lifted its holdings in shares of PriceSmart by 249.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock valued at $1,585,000 after buying an additional 13,461 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of PriceSmart by 165.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 14,542 shares of the company’s stock worth $1,102,000 after buying an additional 9,072 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in shares of PriceSmart in the second quarter worth $1,202,000. Institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Performance

Shares of NASDAQ PSMT opened at $86.22 on Friday. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $92.76. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 20.93 and a beta of 0.85. The company has a current ratio of 1.20, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09. The firm has a 50 day moving average of $83.43 and a 200 day moving average of $82.65.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $1.02 EPS. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP David R. Price sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $87.85, for a total value of $175,700.00. Following the transaction, the executive vice president now owns 51,768 shares of the company’s stock, valued at $4,547,818.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Sherry S. Bahrambeygui sold 2,641 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $89.81, for a total value of $237,188.21. Following the completion of the transaction, the director now owns 47,575 shares of the company’s stock, valued at approximately $4,272,710.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David R. Price sold 2,000 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $87.85, for a total value of $175,700.00. Following the completion of the sale, the executive vice president now owns 51,768 shares of the company’s stock, valued at approximately $4,547,818.80. The disclosure for this sale can be found here. Insiders sold a total of 20,234 shares of company stock worth $1,747,051 over the last quarter. 18.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

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.