20,983 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,983 shares of the company's stock, valued at approximately $1,934,000. Mirabella Financial Services LLP owned approximately 0.07% of PriceSmart at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PSMT. Personal CFO Solutions LLC grew its position in PriceSmart by 4.8% during the fourth quarter. Personal CFO Solutions LLC now owns 3,036 shares of the company's stock valued at $280,000 after acquiring an additional 140 shares during the last quarter. US Bancorp DE raised its position in PriceSmart by 4.6% in the 4th quarter. US Bancorp DE now owns 3,614 shares of the company's stock worth $333,000 after purchasing an additional 160 shares during the period. Blue Trust Inc. lifted its stake in PriceSmart by 22.8% in the fourth quarter. Blue Trust Inc. now owns 1,278 shares of the company's stock worth $117,000 after purchasing an additional 237 shares during the last quarter. Mariner LLC boosted its position in PriceSmart by 10.2% during the fourth quarter. Mariner LLC now owns 2,636 shares of the company's stock valued at $243,000 after buying an additional 245 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of PriceSmart by 7.9% during the fourth quarter. Bank of Montreal Can now owns 3,383 shares of the company's stock valued at $312,000 after buying an additional 249 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

Insider Transactions at PriceSmart

In other news, Director Jeffrey Fisher sold 5,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $93.00, for a total value of $465,000.00. Following the completion of the sale, the director now directly owns 18,611 shares of the company's stock, valued at approximately $1,730,823. This trade represents a 21.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John D. Hildebrandt sold 580 shares of the business's stock in a transaction dated 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 in the company, valued at $79,279.20. This represents a 40.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,480 shares of company stock worth $699,096. 17.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

PriceSmart Trading Down 1.8 %

Shares of PriceSmart stock traded down $1.85 on Friday, hitting $99.87. The stock had a trading volume of 170,688 shares, compared to its average volume of 184,172. 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, Inc. has a one year low of $77.51 and a one year high of $102.47. The stock's 50-day simple moving average is $88.37 and its two-hundred day simple moving average is $90.25. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 21.99 and a beta of 0.87.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. PriceSmart's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. As a group, sell-side analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Announces Dividend

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

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.