PriceSmart, Inc. (NASDAQ:PSMT) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,861 shares of the company's stock after purchasing an additional 4,175 shares during the period. Sei Investments Co. owned approximately 0.12% of PriceSmart worth $3,490,000 as of its most recent SEC filing.

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

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Insider Transactions at PriceSmart

In other PriceSmart news, Director Jeffrey Fisher sold 1,700 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the sale, the director now directly owns 16,911 shares of the company's stock, valued at approximately $1,606,545. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Francisco Velasco sold 555 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total transaction of $50,183.10. Following the transaction, the executive vice president now directly owns 79,008 shares of the company's stock, valued at approximately $7,143,903.36. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,162 shares of company stock worth $1,930,402 over the last ninety days. 17.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

PriceSmart Price Performance

PSMT stock traded down $1.68 on Tuesday, reaching $82.12. The company had a trading volume of 381,470 shares, compared to its average volume of 181,279. The company's fifty day moving average is $88.17 and its 200 day moving average is $89.99. The company has a market cap of $2.52 billion, a P/E ratio of 18.09 and a beta of 0.87. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. PriceSmart, Inc. has a 1 year low of $77.51 and a 1 year high of $99.23.

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

PriceSmart Dividend Announcement

The company also recently declared 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 presently 27.75%.

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.