PriceSmart, Inc. $PSMT Shares Sold by London Co. of Virginia

London Co. of Virginia trimmed its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,017 shares of the company’s stock after selling 8,336 shares during the period. London Co. of Virginia owned 0.62% of PriceSmart worth $23,310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in PriceSmart by 14.3% during the 4th quarter. Parallel Advisors LLC now owns 590 shares of the company’s stock valued at $72,000 after purchasing an additional 74 shares during the period. Smartleaf Asset Management LLC boosted its stake in PriceSmart by 10.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock valued at $101,000 after purchasing an additional 93 shares during the period. Hantz Financial Services Inc. boosted its stake in PriceSmart by 15.1% during the 4th quarter. Hantz Financial Services Inc. now owns 745 shares of the company’s stock valued at $91,000 after purchasing an additional 98 shares during the period. UMB Bank n.a. boosted its stake in PriceSmart by 76.0% during the 4th quarter. UMB Bank n.a. now owns 227 shares of the company’s stock valued at $28,000 after purchasing an additional 98 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in PriceSmart by 1.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,812 shares of the company’s stock valued at $713,000 after purchasing an additional 100 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

PriceSmart Stock Down 0.0%

NASDAQ PSMT opened at $179.65 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.29 and a quick ratio of 0.52. The company’s 50 day simple moving average is $163.72 and its 200 day simple moving average is $148.65. PriceSmart, Inc. has a 12 month low of $99.98 and a 12 month high of $183.19. The company has a market capitalization of $5.55 billion, a P/E ratio of 35.43 and a beta of 0.78.

PriceSmart (NASDAQ:PSMT) last released its earnings results on Wednesday, April 8th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.05. PriceSmart had a net margin of 2.82% and a return on equity of 12.23%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis.

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 338 shares of PriceSmart stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $158.56, for a total value of $53,593.28. Following the transaction, the executive vice president directly owned 75,659 shares of the company’s stock, valued at $11,996,491.04. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gordon H. Hanson sold 635 shares of PriceSmart stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $157.60, for a total transaction of $100,076.00. Following the completion of the transaction, the director directly owned 8,149 shares in the company, valued at approximately $1,284,282.40. This trade represents a 7.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,232 shares of company stock valued at $504,198 over the last ninety days. Corporate insiders own 17.00% of the company’s stock.

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.