Stifel Financial Corp Has $3.63 Million Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Stifel Financial Corp grew its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,513 shares of the company's stock after purchasing an additional 6,137 shares during the period. Stifel Financial Corp owned about 0.13% of PriceSmart worth $3,627,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. 1620 Investment Advisors Inc. acquired a new stake in shares of PriceSmart in the second quarter worth $89,000. SummerHaven Investment Management LLC boosted its position in PriceSmart by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,864 shares of the company's stock worth $801,000 after acquiring an additional 183 shares during the period. Louisiana State Employees Retirement System grew its stake in PriceSmart by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company's stock valued at $1,031,000 after acquiring an additional 300 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of PriceSmart in the 2nd quarter valued at about $731,000. Finally, Bank of New York Mellon Corp lifted its position in shares of PriceSmart by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 264,585 shares of the company's stock worth $21,484,000 after purchasing an additional 2,789 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Insider Buying and Selling

In related news, EVP Francisco Velasco sold 827 shares of the business's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the transaction, the executive vice president now directly owns 84,385 shares in the company, valued at $7,681,566.55. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David R. Price sold 2,750 shares of PriceSmart stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $92.24, for a total value of $253,660.00. Following the sale, the executive vice president now directly owns 48,844 shares in the company, valued at $4,505,370.56. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,290 shares of company stock valued at $1,476,009. Insiders own 18.60% of the company's stock.

PriceSmart Stock Down 0.7 %

Shares of NASDAQ:PSMT traded down $0.70 on Tuesday, reaching $93.77. The company had a trading volume of 188,069 shares, compared to its average volume of 151,575. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.88 billion, a P/E ratio of 20.52 and a beta of 0.86. The stock has a 50-day moving average price of $90.79 and a 200 day moving average price of $87.26. PriceSmart, Inc. has a twelve month low of $72.14 and a twelve month high of $99.23.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The firm's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, equities analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.