Universal Beteiligungs und Servicegesellschaft mbH Has $616,000 Stock Position in PriceSmart, Inc. $PSMT

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in PriceSmart, Inc. (NASDAQ:PSMT) by 83.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,020 shares of the company’s stock after selling 25,298 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in PriceSmart were worth $616,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in PriceSmart by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,258,234 shares of the company’s stock valued at $152,489,000 after buying an additional 10,537 shares in the last quarter. State Street Corp raised its stake in PriceSmart by 2.4% during the second quarter. State Street Corp now owns 1,045,998 shares of the company’s stock worth $109,872,000 after buying an additional 24,512 shares during the last quarter. Victory Capital Management Inc. raised its stake in PriceSmart by 37.0% during the third quarter. Victory Capital Management Inc. now owns 651,499 shares of the company’s stock worth $78,955,000 after buying an additional 175,806 shares during the last quarter. Invesco Ltd. raised its stake in PriceSmart by 13.3% during the third quarter. Invesco Ltd. now owns 624,985 shares of the company’s stock worth $75,742,000 after buying an additional 73,419 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in PriceSmart by 24.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 489,201 shares of the company’s stock worth $59,286,000 after buying an additional 97,598 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

PriceSmart Stock Down 3.2%

Shares of NASDAQ PSMT opened at $153.11 on Tuesday. The stock has a market capitalization of $4.73 billion, a P/E ratio of 30.20 and a beta of 0.77. The company has a 50-day moving average price of $152.49 and a 200-day moving average price of $138.16. PriceSmart, Inc. has a 1 year low of $99.14 and a 1 year high of $165.46. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.29 and a quick ratio of 0.52.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, April 8th. The company reported $1.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company earned $1.45 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis.

PriceSmart Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.70 dividend. This represents a yield of 89.0%. The ex-dividend date is Monday, August 17th. PriceSmart’s payout ratio is presently 27.61%.

Wall Street Analysts Forecast Growth

PSMT has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of PriceSmart from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, April 14th. Wall Street Zen downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, PriceSmart has a consensus rating of “Buy”.

Insiders Place Their Bets

In other PriceSmart news, Director Gordon H. Hanson sold 635 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $157.60, for a total value of $100,076.00. Following the transaction, the director directly owned 8,149 shares in the company, valued at $1,284,282.40. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.00% of the stock is currently owned by insiders.

PriceSmart Company 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.