NFJ Investment Group LLC Makes New $1.76 Million Investment in PriceSmart, Inc. (NASDAQ:PSMT)

NFJ Investment Group LLC bought a new position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,221 shares of the company's stock, valued at approximately $1,764,000. NFJ Investment Group LLC owned about 0.06% of PriceSmart at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Simplicity Wealth LLC bought a new position in PriceSmart in the 2nd quarter valued at about $1,202,000. Managed Asset Portfolios LLC increased its stake in shares of PriceSmart by 16.5% during the third quarter. Managed Asset Portfolios LLC now owns 81,635 shares of the company's stock worth $7,493,000 after purchasing an additional 11,546 shares during the period. Tidal Investments LLC bought a new position in shares of PriceSmart during the first quarter worth approximately $780,000. Acadian Asset Management LLC lifted its holdings in PriceSmart by 20.0% during the 2nd quarter. Acadian Asset Management LLC now owns 63,940 shares of the company's stock worth $5,183,000 after purchasing an additional 10,673 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in PriceSmart by 330.0% in the 3rd quarter. Victory Capital Management Inc. now owns 22,615 shares of the company's stock valued at $2,076,000 after purchasing an additional 17,356 shares during the period. Institutional investors own 80.46% of the company's stock.

Insider Buying and Selling at PriceSmart

In related news, Director Jeffrey Fisher sold 5,478 shares of PriceSmart stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $90.83, for a total value of $497,566.74. Following the transaction, the director now directly owns 21,646 shares of the company's stock, valued at $1,966,106.18. This trade represents a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Mccleary sold 4,000 shares of the business's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,290 shares of company stock valued at $1,476,009 in the last three months. Corporate insiders own 18.60% of the company's stock.

PriceSmart Stock Performance

NASDAQ PSMT traded down $1.45 during trading on Thursday, reaching $89.67. The company's stock had a trading volume of 274,152 shares, compared to its average volume of 150,230. The firm has a 50 day moving average price of $90.23 and a 200 day moving average price of $86.66. PriceSmart, Inc. has a 12 month low of $68.71 and a 12 month high of $94.82. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 19.62 and a beta of 0.86. The company has a current ratio of 1.22, a quick ratio of 0.45 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its quarterly 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). The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded PriceSmart from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th.

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.