PriceSmart, Inc. (NASDAQ:PSMT) Holdings Cut by Nebula Research & Development LLC

Nebula Research & Development LLC cut its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,973 shares of the company’s stock after selling 4,669 shares during the quarter. Nebula Research & Development LLC’s holdings in PriceSmart were worth $1,380,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PSMT. Sterling Capital Management LLC boosted its position in PriceSmart by 536.7% during the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock valued at $29,000 after purchasing an additional 263 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of PriceSmart during the fourth quarter valued at $53,000. MassMutual Private Wealth & Trust FSB grew its position in shares of PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after acquiring an additional 664 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of PriceSmart by 393.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock worth $65,000 after acquiring an additional 570 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in PriceSmart by 17,300.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock valued at $80,000 after purchasing an additional 865 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Monday, March 10th.

Insiders Place Their Bets

In other PriceSmart news, Director Jeffrey Fisher sold 1,700 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the transaction, the director now directly owns 16,911 shares of the company’s stock, valued at approximately $1,606,545. This trade represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Kovaleski sold 896 shares of the business’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $100.85, for a total value of $90,361.60. Following the completion of the sale, the executive vice president now directly owns 43,039 shares in the company, valued at $4,340,483.15. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,376 shares of company stock worth $789,458. 17.10% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

Shares of PSMT stock opened at $99.98 on Friday. The business has a 50 day simple moving average of $88.61 and a 200 day simple moving average of $90.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 22.02 and a beta of 0.87. PriceSmart, Inc. has a 12-month low of $77.51 and a 12-month high of $102.47.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.06). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $1.31 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.63 per share. The ex-dividend date was Tuesday, February 18th. PriceSmart’s payout ratio is 26.92%.

About PriceSmart

PriceSmart, Inc owns and operates U.S.-style membership shopping warehouse clubs in the United States, Central America, the Caribbean, and Colombia. The company provides basic and private label consumer products under the Member's Selection brand, including groceries, cleaning supplies, health and beauty aids, meat, produce, deli, seafood, and poultry.