Yousif Capital Management LLC Has $939,000 Stock Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Yousif Capital Management LLC reduced its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,391 shares of the company’s stock after selling 400 shares during the period. Yousif Capital Management LLC’s holdings in PriceSmart were worth $939,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of PriceSmart during the third quarter worth approximately $47,000. CWM LLC raised its holdings in PriceSmart by 331.4% during the fourth quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after buying an additional 802 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of PriceSmart by 93.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,278 shares of the company’s stock valued at $95,000 after buying an additional 616 shares in the last quarter. CI Investments Inc. acquired a new position in shares of PriceSmart during the third quarter valued at about $158,000. Finally, Watershed Asset Management L.L.C. bought a new stake in shares of PriceSmart during the third quarter worth about $268,000. Institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PSMT shares. TheStreet raised shares of PriceSmart from a “c+” rating to a “b-” rating in a research report on Tuesday, January 30th. Jefferies Financial Group raised their target price on PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, StockNews.com downgraded PriceSmart from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 13th.

Insider Activity

In related news, Director Edgar Zurcher sold 1,075 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $79.08, for a total transaction of $85,011.00. Following the completion of the transaction, the director now owns 8,822 shares in the company, valued at $697,643.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Edgar Zurcher sold 1,075 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $79.08, for a total value of $85,011.00. Following the transaction, the director now owns 8,822 shares in the company, valued at $697,643.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Gordon H. Hanson sold 937 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $79.86, for a total value of $74,828.82. Following the completion of the sale, the director now directly owns 7,969 shares of the company’s stock, valued at $636,404.34. The disclosure for this sale can be found here. Insiders sold a total of 17,458 shares of company stock valued at $1,429,315 in the last ninety days. 18.60% of the stock is currently owned by insiders.

PriceSmart Stock Up 0.5 %

PSMT opened at $82.46 on Friday. PriceSmart, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $86.90. The firm has a market capitalization of $2.53 billion, a P/E ratio of 20.72 and a beta of 0.92. The company’s 50-day moving average is $82.00 and its 200 day moving average is $76.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.24 by $0.07. The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. PriceSmart had a net margin of 2.62% and a return on equity of 11.85%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.25 EPS. Research analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

PriceSmart Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, April 18th. PriceSmart’s dividend payout ratio (DPR) is presently 29.15%.

PriceSmart 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.