Oak Ridge Investments LLC Invests $2.93 Million in PriceSmart, Inc. $PSMT

Oak Ridge Investments LLC bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,185 shares of the company’s stock, valued at approximately $2,931,000. Oak Ridge Investments LLC owned 0.08% of PriceSmart as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in PriceSmart by 10.9% in the second quarter. Smartleaf Asset Management LLC now owns 946 shares of the company’s stock worth $101,000 after purchasing an additional 93 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of PriceSmart by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the company’s stock worth $588,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its position in shares of PriceSmart by 13.0% during the 2nd quarter. GAMMA Investing LLC now owns 888 shares of the company’s stock valued at $93,000 after acquiring an additional 102 shares in the last quarter. Nisa Investment Advisors LLC raised its position in PriceSmart by 20.4% in the third quarter. Nisa Investment Advisors LLC now owns 601 shares of the company’s stock worth $73,000 after purchasing an additional 102 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in PriceSmart by 1.2% during the second quarter. Yousif Capital Management LLC now owns 9,256 shares of the company’s stock valued at $972,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

PriceSmart Price Performance

PriceSmart stock opened at $140.86 on Friday. The business’s fifty day moving average is $125.23 and its two-hundred day moving average is $117.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.55 and a current ratio of 1.33. The firm has a market cap of $4.34 billion, a P/E ratio of 28.75 and a beta of 0.74. PriceSmart, Inc. has a 52 week low of $81.25 and a 52 week high of $143.37.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, January 7th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.01. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.36 billion. PriceSmart had a return on equity of 12.20% and a net margin of 2.79%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share. Equities research analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PSMT. Weiss Ratings lowered PriceSmart from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, January 12th. Wall Street Zen cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Insider Activity at PriceSmart

In other news, COO John D. Hildebrandt sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $115.10, for a total transaction of $1,151,000.00. Following the sale, the chief operating officer directly owned 115,615 shares of the company’s stock, valued at $13,307,286.50. This represents a 7.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leon C. Janks sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $137.29, for a total transaction of $411,870.00. Following the completion of the transaction, the director owned 30,734 shares of the company’s stock, valued at $4,219,470.86. This trade represents a 8.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 28,827 shares of company stock valued at $3,683,481 in the last three months. 17.00% of the stock is currently owned by corporate 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.