Diversified Trust Co Has $642,000 Stock Position in PriceSmart, Inc. (NASDAQ:PSMT)

Diversified Trust Co raised its holdings in PriceSmart, Inc. (NASDAQ:PSMT) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,911 shares of the company’s stock after buying an additional 458 shares during the period. Diversified Trust Co’s holdings in PriceSmart were worth $642,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of PriceSmart by 76.4% in the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after purchasing an additional 181 shares during the period. Covestor Ltd grew its position in shares of PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company’s stock valued at $38,000 after purchasing an additional 311 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of PriceSmart by 30,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 912 shares of the company’s stock worth $69,000 after purchasing an additional 909 shares during the period. CWM LLC lifted its holdings in PriceSmart by 331.4% during the 4th quarter. CWM LLC now owns 1,044 shares of the company’s stock worth $79,000 after purchasing an additional 802 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC bought a new stake in PriceSmart in the 1st quarter valued at $85,000. Institutional investors own 80.46% of the company’s stock.

Insider Transactions at PriceSmart

In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of PriceSmart stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total value of $350,040.00. Following the transaction, the chief financial officer now owns 67,474 shares in the company, valued at $5,904,649.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other PriceSmart news, CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $87.51, for a total value of $350,040.00. Following the sale, the chief financial officer now owns 67,474 shares in the company, valued at $5,904,649.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David R. Price sold 2,000 shares of the company’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $87.85, for a total transaction of $175,700.00. Following the transaction, the executive vice president now owns 51,768 shares of the company’s stock, valued at $4,547,818.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,234 shares of company stock valued at $1,747,051. Corporate insiders own 18.60% of the company’s stock.

PriceSmart Price Performance

Shares of NASDAQ PSMT traded down $0.40 during mid-day trading on Wednesday, reaching $83.06. The company had a trading volume of 6,099 shares, compared to its average volume of 153,887. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 20.26 and a beta of 0.85. The business’s 50-day simple moving average is $82.99 and its 200 day simple moving average is $82.32. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $92.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.07. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com raised PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Jefferies Financial Group increased their target price on shares of PriceSmart from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th.

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.