New Age Alpha Advisors LLC Takes Position in PriceSmart, Inc. (NASDAQ:PSMT)

New Age Alpha Advisors LLC acquired a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,312 shares of the company's stock, valued at approximately $490,000.

Other institutional investors have also added to or reduced their stakes in the company. EdgePoint Investment Group Inc. grew its position in PriceSmart by 2.7% during the third quarter. EdgePoint Investment Group Inc. now owns 2,818,927 shares of the company's stock valued at $258,721,000 after buying an additional 74,201 shares during the period. American Century Companies Inc. boosted its position in shares of PriceSmart by 4.1% in the fourth quarter. American Century Companies Inc. now owns 1,230,696 shares of the company's stock worth $113,434,000 after purchasing an additional 48,108 shares during the period. FMR LLC increased its stake in shares of PriceSmart by 5.9% in the third quarter. FMR LLC now owns 1,182,739 shares of the company's stock worth $108,552,000 after purchasing an additional 65,492 shares in the last quarter. Geode Capital Management LLC raised its position in shares of PriceSmart by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 684,870 shares of the company's stock valued at $62,868,000 after purchasing an additional 25,216 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in shares of PriceSmart by 29.2% during the 4th quarter. Copeland Capital Management LLC now owns 621,697 shares of the company's stock valued at $57,302,000 after buying an additional 140,515 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

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PriceSmart Price Performance

PSMT stock traded down $2.33 during midday trading on Thursday, hitting $86.75. The company's stock had a trading volume of 217,095 shares, compared to its average volume of 178,888. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 19.11 and a beta of 0.84. 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 12 month low of $77.51 and a 12 month high of $99.23. The company has a 50 day moving average of $88.85 and a two-hundred day moving average of $90.17.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.43 by ($0.22). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business's revenue was up 7.8% on a year-over-year basis. On average, analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart's payout ratio is presently 27.75%.

Analysts Set New Price Targets

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

Insider Buying and Selling at PriceSmart

In other news, CFO Michael Mccleary sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $89.67, for a total value of $358,680.00. Following the completion of the sale, the chief financial officer now directly owns 58,141 shares of the company's stock, valued at $5,213,503.47. This trade represents a 6.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Fisher sold 1,700 shares of PriceSmart stock in a transaction on Monday, February 10th. The stock was sold at an average price of $95.00, for a total transaction of $161,500.00. Following the transaction, the director now directly owns 16,911 shares of the company's stock, valued at $1,606,545. The trade was a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,162 shares of company stock worth $1,930,402 in the last quarter. 17.10% of the stock is owned by corporate insiders.

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.