Yousif Capital Management LLC Has $803,000 Position in PriceSmart, Inc. (NASDAQ:PSMT)

Yousif Capital Management LLC reduced its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,143 shares of the company’s stock after selling 275 shares during the period. Yousif Capital Management LLC’s holdings in PriceSmart were worth $803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of PriceSmart by 7,364.9% in the 1st quarter. GAMMA Investing LLC now owns 69,050 shares of the company’s stock valued at $6,066,000 after purchasing an additional 68,125 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of PriceSmart by 522.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 113,268 shares of the company’s stock valued at $9,951,000 after purchasing an additional 95,073 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PriceSmart in the 4th quarter valued at approximately $591,000. Deutsche Bank AG boosted its stake in shares of PriceSmart by 47.0% in the 4th quarter. Deutsche Bank AG now owns 22,007 shares of the company’s stock valued at $2,028,000 after purchasing an additional 7,040 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new stake in shares of PriceSmart in the 4th quarter valued at approximately $19,078,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

PriceSmart Stock Down 1.9%

NASDAQ:PSMT opened at $101.76 on Friday. The firm’s 50 day simple moving average is $102.63 and its 200 day simple moving average is $94.26. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.46. PriceSmart, Inc. has a one year low of $77.65 and a one year high of $109.84. The company has a market cap of $3.13 billion, a PE ratio of 21.74 and a beta of 0.81.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.06). PriceSmart had a return on equity of 12.40% and a net margin of 2.81%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Insider Buying and Selling

In other PriceSmart news, Director Jeffrey Fisher sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $104.00, for a total transaction of $208,000.00. Following the completion of the transaction, the director now owns 11,011 shares in the company, valued at approximately $1,145,144. This trade represents a 15.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Francisco Velasco sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $99.74, for a total transaction of $54,857.00. Following the transaction, the executive vice president now owns 78,458 shares of the company’s stock, valued at approximately $7,825,400.92. The trade was a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,836 shares of company stock worth $1,005,273 in the last ninety days. Company insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Saturday, May 31st.

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.