GSA Capital Partners LLP Has $1.12 Million Position in PriceSmart, Inc. (NASDAQ:PSMT)

GSA Capital Partners LLP cut its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 59.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,172 shares of the company’s stock after selling 17,787 shares during the quarter. GSA Capital Partners LLP’s holdings in PriceSmart were worth $1,117,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Jupiter Asset Management Ltd. acquired a new position in shares of PriceSmart in the first quarter valued at approximately $2,673,000. Simplicity Wealth LLC bought a new stake in shares of PriceSmart in the second quarter valued at about $1,202,000. Tidal Investments LLC bought a new position in shares of PriceSmart during the first quarter worth about $780,000. Acadian Asset Management LLC lifted its stake in PriceSmart by 20.0% in the 2nd quarter. Acadian Asset Management LLC now owns 63,940 shares of the company’s stock valued at $5,183,000 after acquiring an additional 10,673 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in PriceSmart by 3.2% during the first quarter. Vanguard Group Inc. now owns 3,424,660 shares of the company’s stock worth $287,671,000 after purchasing an additional 105,405 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

PriceSmart Trading Down 1.6 %

Shares of PriceSmart stock opened at $88.10 on Friday. PriceSmart, Inc. has a 12-month low of $66.79 and a 12-month high of $94.82. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $89.87 and its 200-day moving average is $86.12. The stock has a market cap of $2.70 billion, a P/E ratio of 19.28 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. Equities research analysts predict that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jeffrey Fisher sold 5,478 shares of PriceSmart stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $90.83, for a total transaction of $497,566.74. Following the completion of the sale, the director now directly owns 21,646 shares of the company’s stock, valued at approximately $1,966,106.18. This trade represents a 20.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David R. Price sold 2,750 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $92.24, for a total value of $253,660.00. Following the completion of the transaction, the executive vice president now directly owns 48,844 shares in the company, valued at approximately $4,505,370.56. This represents a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,960 shares of company stock valued at $1,535,673. 18.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of PriceSmart from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st.

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.