Royce & Associates LP Sells 3,172 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Royce & Associates LP decreased its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,922 shares of the company's stock after selling 3,172 shares during the period. Royce & Associates LP owned 0.07% of PriceSmart worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PSMT. Barclays PLC increased its position in PriceSmart by 227.3% during the 3rd quarter. Barclays PLC now owns 46,710 shares of the company's stock valued at $4,287,000 after purchasing an additional 32,438 shares during the period. Stifel Financial Corp boosted its stake in shares of PriceSmart by 18.4% in the 3rd quarter. Stifel Financial Corp now owns 39,513 shares of the company's stock valued at $3,627,000 after purchasing an additional 6,137 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of PriceSmart by 47.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company's stock worth $1,677,000 after buying an additional 5,818 shares during the period. Burney Co. bought a new position in PriceSmart during the fourth quarter worth $5,030,000. Finally, Managed Asset Portfolios LLC lifted its holdings in PriceSmart by 16.5% in the third quarter. Managed Asset Portfolios LLC now owns 81,635 shares of the company's stock valued at $7,493,000 after buying an additional 11,546 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Insider Transactions at PriceSmart

In related news, CFO Michael Mccleary sold 4,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $89.67, for a total value of $358,680.00. Following the transaction, the chief financial officer now owns 58,141 shares of the company's stock, valued at approximately $5,213,503.47. This trade represents a 6.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Francisco Velasco sold 555 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total value of $50,183.10. Following the completion of the transaction, the executive vice president now owns 79,008 shares in the company, valued at $7,143,903.36. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,162 shares of company stock valued at $1,930,402 in the last 90 days. 17.10% of the stock is currently owned by corporate insiders.

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PriceSmart Trading Down 0.6 %

PSMT stock traded down $0.49 during mid-day trading on Friday, reaching $83.71. The company's stock had a trading volume of 1,758,052 shares, compared to its average volume of 170,036. PriceSmart, Inc. has a 12 month low of $77.51 and a 12 month high of $99.23. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The business's 50 day moving average price is $89.05 and its 200 day moving average price is $90.19. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 18.44 and a beta of 0.84.

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

PriceSmart Dividend Announcement

The business also recently disclosed 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 is currently 27.75%.

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 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.