Yousif Capital Management LLC Increases Position in PriceSmart, Inc. $PSMT

Yousif Capital Management LLC increased its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,256 shares of the company’s stock after purchasing an additional 113 shares during the quarter. Yousif Capital Management LLC’s holdings in PriceSmart were worth $972,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in shares of PriceSmart by 560.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of PriceSmart in the 1st quarter valued at about $42,000. USA Financial Formulas purchased a new position in shares of PriceSmart in the 2nd quarter valued at about $53,000. Quarry LP purchased a new position in shares of PriceSmart in the 1st quarter valued at about $49,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of PriceSmart by 24.3% in the 1st quarter. First Horizon Advisors Inc. now owns 654 shares of the company’s stock valued at $57,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Activity

In other PriceSmart news, EVP Francisco Velasco sold 550 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $122.82, for a total transaction of $67,551.00. Following the completion of the transaction, the executive vice president directly owned 80,548 shares in the company, valued at approximately $9,892,905.36. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Mccleary sold 9,754 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $110.62, for a total transaction of $1,078,987.48. Following the sale, the executive vice president directly owned 47,082 shares in the company, valued at $5,208,210.84. This represents a 17.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

PSMT has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of PriceSmart in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, PriceSmart currently has an average rating of “Buy”.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $121.64 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 firm has a 50-day moving average price of $115.56 and a two-hundred day moving average price of $107.58. PriceSmart, Inc. has a twelve month low of $81.25 and a twelve month high of $125.48. The company has a market capitalization of $3.74 billion, a P/E ratio of 25.66 and a beta of 0.83.

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.