Segall Bryant & Hamill LLC purchased a new position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,049 shares of the company's stock, valued at approximately $2,124,000. Segall Bryant & Hamill LLC owned about 0.08% of PriceSmart at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC bought a new position in PriceSmart during the fourth quarter valued at approximately $53,000. MassMutual Private Wealth & Trust FSB raised its holdings in PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock valued at $63,000 after buying an additional 664 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of PriceSmart by 393.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock worth $65,000 after buying an additional 570 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in PriceSmart by 17,300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock worth $80,000 after purchasing an additional 865 shares during the period. Finally, KBC Group NV lifted its stake in shares of PriceSmart by 49.0% in the fourth quarter. KBC Group NV now owns 1,159 shares of the company's stock worth $107,000 after buying an additional 381 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.
PriceSmart Price Performance
NASDAQ:PSMT traded up $1.66 during trading hours on Monday, reaching $87.71. The company had a trading volume of 62,381 shares, compared to its average volume of 178,030. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $88.99 and a two-hundred day moving average of $90.20. PriceSmart, Inc. has a one year low of $77.51 and a one year high of $99.23. The firm has a market capitalization of $2.69 billion, a PE ratio of 19.34 and a beta of 0.84.
PriceSmart (NASDAQ:PSMT - Get Free Report) last issued 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). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the company posted $1.24 earnings per share. PriceSmart's quarterly revenue was up 7.8% compared to the same quarter last year. Analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current year.
PriceSmart Announces Dividend
The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.63 dividend. The ex-dividend date was Tuesday, February 18th. PriceSmart's dividend payout ratio is currently 27.75%.
Insiders Place Their Bets
In related news, EVP Francisco Velasco sold 555 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $90.42, for a total value of $50,183.10. Following the transaction, the executive vice president now owns 79,008 shares in the company, valued at $7,143,903.36. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Fisher sold 1,700 shares of the business'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 $1,606,545. This represents a 9.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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 insiders.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of PriceSmart from a "hold" rating to a "buy" rating in a research note on Monday, March 10th.
Read Our Latest Analysis on PriceSmart
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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