ExodusPoint Capital Management LP Acquires 6,037 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

ExodusPoint Capital Management LP raised its position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 120.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,048 shares of the company's stock after acquiring an additional 6,037 shares during the period. ExodusPoint Capital Management LP's holdings in PriceSmart were worth $1,018,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of PriceSmart by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 692,864 shares of the company's stock valued at $63,874,000 after acquiring an additional 7,994 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of PriceSmart by 2.0% in the fourth quarter. Alliancebernstein L.P. now owns 26,271 shares of the company's stock valued at $2,421,000 after buying an additional 526 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in PriceSmart by 13.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,059 shares of the company's stock worth $282,000 after acquiring an additional 355 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in PriceSmart by 42.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,829 shares of the company's stock valued at $171,000 after acquiring an additional 548 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PriceSmart during the 4th quarter worth about $490,000. Institutional investors and hedge funds own 80.46% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

Insider Activity at PriceSmart

In other news, Director Jeffrey Fisher sold 1,700 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the sale, the director now owns 16,911 shares of the company's stock, valued at approximately $1,606,545. This represents a 9.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John D. Hildebrandt sold 580 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were 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. This represents a 40.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,055 shares of company stock valued at $1,833,849 over the last quarter. 17.10% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

NASDAQ PSMT traded up $0.68 on Wednesday, reaching $92.27. The stock had a trading volume of 18,872 shares, compared to its average volume of 182,355. PriceSmart, Inc. has a 1-year low of $77.51 and a 1-year high of $99.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The company has a market cap of $2.84 billion, a P/E ratio of 20.31 and a beta of 0.87. The firm has a fifty day moving average of $87.97 and a two-hundred day moving average of $90.01.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm earned $1.31 EPS. PriceSmart's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, February 18th. PriceSmart's dividend payout ratio (DPR) is currently 26.92%.

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.