Hantz Financial Services Inc. Invests $45,000 in PriceSmart, Inc. (NASDAQ:PSMT)

Hantz Financial Services Inc. bought a new position in PriceSmart, Inc. (NASDAQ:PSMT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 550 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PSMT. LSV Asset Management lifted its position in shares of PriceSmart by 938.5% during the 1st quarter. LSV Asset Management now owns 181,971 shares of the company’s stock valued at $15,286,000 after acquiring an additional 164,449 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of PriceSmart by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock valued at $251,533,000 after purchasing an additional 141,920 shares during the last quarter. UBS Group AG boosted its position in shares of PriceSmart by 2,132.7% in the 4th quarter. UBS Group AG now owns 88,015 shares of the company’s stock valued at $6,670,000 after purchasing an additional 84,073 shares during the period. Dimensional Fund Advisors LP increased its stake in PriceSmart by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,261,945 shares of the company’s stock worth $95,631,000 after purchasing an additional 60,673 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in PriceSmart during the 1st quarter worth about $2,673,000. 80.46% of the stock is owned by institutional investors and hedge funds.

PriceSmart Price Performance

PSMT opened at $89.58 on Tuesday. The firm has a market capitalization of $2.74 billion, a P/E ratio of 21.74 and a beta of 0.85. The stock has a fifty day moving average of $84.80 and a 200-day moving average of $83.24. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $92.76.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $1.02 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that PriceSmart, Inc. will post 4.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Insider Transactions at PriceSmart

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 9,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $84.37, for a total value of $801,515.00. Following the transaction, the director now owns 61,216 shares in the company, valued at approximately $5,164,793.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Sherry S. Bahrambeygui sold 2,641 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $89.81, for a total transaction of $237,188.21. Following the completion of the sale, the director now directly owns 47,575 shares of the company’s stock, valued at approximately $4,272,710.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sherry S. Bahrambeygui sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $84.37, for a total value of $801,515.00. Following the completion of the sale, the director now directly owns 61,216 shares of the company’s stock, valued at approximately $5,164,793.92. The disclosure for this sale can be found here. Insiders sold 20,234 shares of company stock valued at $1,747,051 over the last three months. 18.60% of the stock is owned by corporate insiders.

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.