Kingsview Wealth Management LLC Purchases New Shares in PriceSmart, Inc. $PSMT

Kingsview Wealth Management LLC purchased a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 27,940 shares of the company’s stock, valued at approximately $3,427,000. Kingsview Wealth Management LLC owned approximately 0.09% of PriceSmart at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in PriceSmart by 560.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the company’s stock valued at $26,000 after purchasing an additional 252 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in PriceSmart during the 4th quarter valued at $32,000. AlphaQuest LLC grew its holdings in PriceSmart by 127.5% during the 3rd quarter. AlphaQuest LLC now owns 414 shares of the company’s stock valued at $50,000 after purchasing an additional 232 shares in the last quarter. Osaic Holdings Inc. grew its holdings in PriceSmart by 57.2% during the 2nd quarter. Osaic Holdings Inc. now owns 492 shares of the company’s stock valued at $52,000 after purchasing an additional 179 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in PriceSmart by 124.2% during the 1st quarter. Advisors Asset Management Inc. now owns 668 shares of the company’s stock valued at $59,000 after purchasing an additional 370 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PriceSmart

In related news, Director Gordon H. Hanson sold 635 shares of PriceSmart 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 sale, the director directly owned 8,149 shares in the company, valued at $1,284,282.40. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Francisco Velasco sold 338 shares of PriceSmart stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $158.56, for a total transaction of $53,593.28. Following the completion of the sale, the executive vice president owned 75,659 shares in the company, valued at approximately $11,996,491.04. This represents a 0.44% 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 worth $504,198 in the last ninety days. 17.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of PriceSmart from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

PriceSmart Price Performance

Shares of PSMT stock opened at $169.99 on Friday. PriceSmart, Inc. has a 1-year low of $99.98 and a 1-year high of $171.75. The firm has a fifty day moving average of $157.01 and a two-hundred day moving average of $143.58. 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 firm has a market cap of $5.25 billion, a P/E ratio of 33.53 and a beta of 0.77.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, April 8th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.05. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. PriceSmart had a net margin of 2.82% and a return on equity of 12.23%. PriceSmart’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $1.45 EPS.

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.