Public Sector Pension Investment Board Buys 4,028 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Public Sector Pension Investment Board lifted its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 7.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,367 shares of the company’s stock after purchasing an additional 4,028 shares during the period. Public Sector Pension Investment Board owned 0.18% of PriceSmart worth $4,496,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its stake in shares of PriceSmart by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 7,293 shares of the company’s stock valued at $592,000 after buying an additional 165 shares during the period. GAMMA Investing LLC increased its position in PriceSmart by 76.4% in the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 181 shares during the period. SummerHaven Investment Management LLC raised its holdings in PriceSmart by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company’s stock worth $801,000 after purchasing an additional 183 shares during the last quarter. US Bancorp DE lifted its position in PriceSmart by 5.2% during the 1st quarter. US Bancorp DE now owns 4,239 shares of the company’s stock valued at $356,000 after purchasing an additional 209 shares during the period. Finally, Texas Permanent School Fund Corp lifted its position in PriceSmart by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,918 shares of the company’s stock valued at $1,841,000 after purchasing an additional 292 shares during the period. Institutional investors own 80.46% of the company’s stock.

Insider Activity at PriceSmart

In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of the stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total value of $350,040.00. Following the sale, the chief financial officer now directly owns 67,474 shares in the company, valued at $5,904,649.74. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Michael Mccleary sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total value of $350,040.00. Following the completion of the sale, the chief financial officer now owns 67,474 shares in the company, valued at approximately $5,904,649.74. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Francisco Velasco sold 670 shares of PriceSmart stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $89.05, for a total value of $59,663.50. Following the transaction, the executive vice president now owns 79,470 shares in the company, valued at $7,076,803.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,904 shares of company stock worth $1,806,714. 18.60% of the stock is currently owned by company insiders.

PriceSmart Stock Performance

PSMT stock opened at $89.49 on Friday. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $92.76. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.74 billion, a P/E ratio of 21.72 and a beta of 0.85. The business’s fifty day moving average is $87.13 and its 200-day moving average is $83.95.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.02 earnings per share. Equities research analysts forecast that PriceSmart, Inc. will post 4.64 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.