Vident Advisory LLC Purchases 607 Shares of PriceSmart, Inc. $PSMT

Vident Advisory LLC grew its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,915 shares of the company’s stock after purchasing an additional 607 shares during the quarter. Vident Advisory LLC’s holdings in PriceSmart were worth $256,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PSMT. Nuveen LLC bought a new stake in shares of PriceSmart in the 1st quarter valued at $36,685,000. Copeland Capital Management LLC increased its stake in shares of PriceSmart by 25.8% in the 1st quarter. Copeland Capital Management LLC now owns 782,353 shares of the company’s stock valued at $68,730,000 after acquiring an additional 160,656 shares in the last quarter. Harbor Capital Advisors Inc. increased 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 acquiring an additional 95,073 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PriceSmart in the 4th quarter valued at $6,935,000. Finally, American Century Companies Inc. increased its stake in shares of PriceSmart by 5.7% in the 1st quarter. American Century Companies Inc. now owns 1,300,921 shares of the company’s stock valued at $114,286,000 after acquiring an additional 70,225 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Performance

PSMT opened at $110.79 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $108.50 and its two-hundred day moving average price is $100.75. PriceSmart, Inc. has a 1-year low of $81.25 and a 1-year high of $114.01. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 23.37 and a beta of 0.79.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings data on Thursday, July 10th. The company reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. PriceSmart had a return on equity of 12.46% and a net margin of 2.82%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. On average, analysts expect that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Friday, September 5th.

Insider Transactions at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 550 shares of PriceSmart stock in a transaction on Monday, July 7th. The shares were sold at an average price of $106.31, for a total transaction of $58,470.50. Following the transaction, the executive vice president directly owned 77,908 shares of the company’s stock, valued at $8,282,399.48. The trade was a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.10% of the stock is owned by corporate insiders.

About PriceSmart

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.