GSA Capital Partners LLP Cuts Position in PriceSmart, Inc. (NASDAQ:PSMT)

GSA Capital Partners LLP trimmed its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 59.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,172 shares of the company's stock after selling 17,787 shares during the quarter. GSA Capital Partners LLP's holdings in PriceSmart were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PSMT. Innealta Capital LLC acquired a new stake in shares of PriceSmart in the second quarter valued at approximately $28,000. Canada Pension Plan Investment Board acquired a new stake in PriceSmart during the 2nd quarter worth $32,000. GAMMA Investing LLC increased its stake in PriceSmart by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company's stock worth $34,000 after purchasing an additional 181 shares in the last quarter. Covestor Ltd boosted its holdings in shares of PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company's stock valued at $38,000 after buying an additional 311 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in PriceSmart during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 80.46% of the company's stock.

PriceSmart Stock Performance

NASDAQ:PSMT traded down $0.89 during mid-day trading on Friday, hitting $87.21. 148,919 shares of the stock were exchanged, compared to its average volume of 150,565. The firm's 50-day simple moving average is $89.89 and its 200 day simple moving average is $86.16. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 19.08 and a beta of 0.85. PriceSmart, Inc. has a fifty-two week low of $66.79 and a fifty-two week high of $94.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.22.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.07). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business's revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total transaction of $358,480.00. Following the completion of the sale, the chief financial officer now owns 62,141 shares of the company's stock, valued at approximately $5,569,076.42. This represents a 6.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Kovaleski sold 3,235 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $89.96, for a total transaction of $291,020.60. Following the sale, the executive vice president now owns 44,309 shares of the company's stock, valued at approximately $3,986,037.64. This trade represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,960 shares of company stock worth $1,535,673 over the last three months. Insiders own 18.60% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded PriceSmart from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st.

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.