GSA Capital Partners LLP Buys 13,614 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

GSA Capital Partners LLP boosted its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 201.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,369 shares of the company’s stock after buying an additional 13,614 shares during the period. GSA Capital Partners LLP owned approximately 0.07% of PriceSmart worth $1,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSMT. TFO Wealth Partners LLC increased its position in PriceSmart by 30,300.0% during the 4th quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock valued at $69,000 after buying an additional 909 shares in the last quarter. CWM LLC increased its position in PriceSmart by 331.4% during the 4th quarter. CWM LLC now owns 1,044 shares of the company’s stock valued at $79,000 after buying an additional 802 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in PriceSmart during the 1st quarter valued at approximately $85,000. QRG Capital Management Inc. bought a new position in PriceSmart during the 4th quarter valued at approximately $204,000. Finally, Cerity Partners LLC bought a new position in PriceSmart during the 4th quarter valued at approximately $272,000. Institutional investors own 80.46% of the company’s stock.

PriceSmart Price Performance

NASDAQ:PSMT traded up $0.02 on Wednesday, reaching $78.24. 27,223 shares of the company’s stock traded hands, compared to its average volume of 148,672. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $82.35 and a 200-day simple moving average of $80.58. The firm has a market cap of $2.40 billion, a PE ratio of 19.65 and a beta of 0.85. PriceSmart, Inc. has a 12 month low of $61.82 and a 12 month high of $87.99.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, April 10th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.28 billion. PriceSmart had a return on equity of 11.85% and a net margin of 2.62%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $1.25 earnings per share. Equities research analysts forecast that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Jefferies Financial Group increased their target price on PriceSmart from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 12th.

Insider Buying and Selling at PriceSmart

In other news, Director Sherry S. Bahrambeygui sold 1,500 shares of PriceSmart stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $80.52, for a total value of $120,780.00. Following the sale, the director now directly owns 98,508 shares of the company’s stock, valued at $7,931,864.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Sherry S. Bahrambeygui sold 1,500 shares of PriceSmart stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $80.52, for a total value of $120,780.00. Following the sale, the director now directly owns 98,508 shares of the company’s stock, valued at $7,931,864.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sherry S. Bahrambeygui sold 5,000 shares of PriceSmart stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $86.08, for a total value of $430,400.00. Following the completion of the transaction, the director now owns 70,716 shares of the company’s stock, valued at approximately $6,087,233.28. The disclosure for this sale can be found here. Insiders have sold a total of 27,200 shares of company stock valued at $2,260,293 over the last ninety days. 18.60% of the stock is currently owned by company 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.