Nicholas Co. Inc. WI increased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 141,740 shares of the company’s stock after buying an additional 515 shares during the period. Nicholas Co. Inc. WI owned approximately 0.47% of PriceSmart worth $11,835,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in PSMT. Public Employees Retirement System of Ohio raised its position in shares of PriceSmart by 6.2% in the second quarter. Public Employees Retirement System of Ohio now owns 1,162 shares of the company’s stock worth $109,000 after buying an additional 68 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of PriceSmart by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,382 shares of the company’s stock worth $116,000 after buying an additional 232 shares during the last quarter. Sei Investments Co. raised its position in shares of PriceSmart by 20.4% in the third quarter. Sei Investments Co. now owns 2,225 shares of the company’s stock worth $186,000 after buying an additional 377 shares during the last quarter. Parametrica Management Ltd purchased a new position in shares of PriceSmart during the third quarter worth $204,000. Finally, FDx Advisors Inc. purchased a new position in shares of PriceSmart during the second quarter worth $231,000. 73.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PriceSmart, Inc. (NASDAQ:PSMT) traded up 0.11% on Tuesday, reaching $88.30. The company’s stock had a trading volume of 95,097 shares. The company has a 50 day moving average of $85.04 and a 200 day moving average of $85.43. PriceSmart, Inc. has a 1-year low of $75.51 and a 1-year high of $94.86. The stock has a market capitalization of $2.64 billion, a P/E ratio of 29.91 and a beta of 1.31.
PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Thursday, January 5th. The company reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by $0.02. PriceSmart had a return on equity of 14.43% and a net margin of 3.07%. The company had revenue of $739.60 million for the quarter. During the same period in the previous year, the business earned $0.78 EPS. PriceSmart’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that PriceSmart, Inc. will post $3.21 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.35 per share. This represents a dividend yield of 0.82%. The ex-dividend date is Friday, August 11th. PriceSmart’s dividend payout ratio (DPR) is presently 23.65%.
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Separately, Zacks Investment Research lowered PriceSmart from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd.
In related news, COO William J. Naylon sold 1,800 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $83.45, for a total transaction of $150,210.00. Following the transaction, the chief operating officer now owns 47,701 shares of the company’s stock, valued at $3,980,648.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Katherine L. Hensley sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $84.27, for a total value of $84,270.00. Following the transaction, the director now directly owns 25,263 shares in the company, valued at approximately $2,128,913.01. The disclosure for this sale can be found here. Insiders have sold 20,293 shares of company stock valued at $1,720,243 in the last 90 days. Company insiders own 28.00% of the company’s stock.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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