Connor Clark & Lunn Investment Management Ltd. trimmed its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 25,151 shares of the company's stock after selling 7,552 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of PriceSmart worth $2,318,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of PSMT. Heck Capital Advisors LLC bought a new stake in shares of PriceSmart during the 4th quarter valued at $53,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of PriceSmart by 3,905.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock valued at $63,000 after acquiring an additional 664 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of PriceSmart by 393.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock valued at $65,000 after acquiring an additional 570 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock worth $80,000 after buying an additional 865 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of PriceSmart by 49.0% during the 4th quarter. KBC Group NV now owns 1,159 shares of the company's stock worth $107,000 after buying an additional 381 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com raised PriceSmart from a "hold" rating to a "buy" rating in a report on Monday, March 10th.
Check Out Our Latest Stock Report on PSMT
PriceSmart Price Performance
Shares of PriceSmart stock traded down $0.49 during trading on Friday, reaching $83.71. 1,758,052 shares of the company's stock were exchanged, compared to its average volume of 169,606. 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. The company has a market cap of $2.57 billion, a P/E ratio of 18.44 and a beta of 0.84. The firm's 50-day moving average price is $89.05 and its 200 day moving average price is $90.18.
PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its 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 return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the company earned $1.24 EPS. PriceSmart's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.
PriceSmart Dividend Announcement
The company also recently announced 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 was Tuesday, February 18th. PriceSmart's payout ratio is presently 27.75%.
Insiders Place Their Bets
In other news, Director Jeffrey Fisher sold 1,700 shares of the 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 completion of the sale, the director now owns 16,911 shares of the company's stock, valued at approximately $1,606,545. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gordon H. Hanson sold 1,107 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $87.22, for a total value of $96,552.54. Following the completion of the sale, the director now directly owns 6,862 shares of the company's stock, valued at approximately $598,503.64. The trade was a 13.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,162 shares of company stock valued at $1,930,402 in the last 90 days. Corporate insiders own 17.10% of the company's stock.
About PriceSmart
(
Free Report)
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.
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