SG Americas Securities LLC Has $1.83 Million Holdings in PriceSmart, Inc. $PSMT

SG Americas Securities LLC reduced its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 39.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,908 shares of the company’s stock after selling 9,887 shares during the quarter. SG Americas Securities LLC’s holdings in PriceSmart were worth $1,829,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PSMT. Geneos Wealth Management Inc. lifted its holdings in shares of PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after buying an additional 252 shares during the last quarter. First Horizon Corp bought a new stake in shares of PriceSmart during the 3rd quarter worth $30,000. Steward Partners Investment Advisory LLC boosted its holdings in PriceSmart by 52.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 363 shares of the company’s stock valued at $38,000 after acquiring an additional 125 shares during the period. Mather Group LLC. acquired a new stake in PriceSmart in the 3rd quarter valued at approximately $39,000. Finally, AlphaQuest LLC grew its stake in shares of PriceSmart by 127.5% in the third quarter. AlphaQuest LLC now owns 414 shares of the company’s stock worth $50,000 after acquiring an additional 232 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Activity

In other PriceSmart news, Director Leon C. Janks sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $137.29, for a total value of $411,870.00. Following the completion of the sale, the director owned 30,734 shares of the company’s stock, valued at approximately $4,219,470.86. This represents a 8.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Kovaleski sold 4,255 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $136.86, for a total transaction of $582,339.30. Following the completion of the sale, the executive vice president owned 38,854 shares in the company, valued at approximately $5,317,558.44. This trade represents a 9.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,671 shares of company stock valued at $2,283,051. Insiders own 17.00% of the company’s stock.

PriceSmart Stock Performance

Shares of NASDAQ:PSMT opened at $152.48 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.55 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.70 billion, a P/E ratio of 31.12 and a beta of 0.74. The business has a 50-day moving average price of $149.66 and a two-hundred day moving average price of $133.15. PriceSmart, Inc. has a 1-year low of $81.25 and a 1-year high of $158.01.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings data on Wednesday, January 7th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. PriceSmart had a net margin of 2.79% and a return on equity of 12.20%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $1.21 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a dividend yield of 89.0%. PriceSmart’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PSMT. Weiss Ratings upgraded PriceSmart from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, March 10th. Wall Street Zen cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock currently has an average rating of “Strong Buy”.

PriceSmart Profile

PriceSmart, Inc (NASDAQ: PSMT) is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart’s value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company’s product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.