Linden Thomas Advisory Services LLC Invests $821,000 in PriceSmart, Inc. $PSMT

Linden Thomas Advisory Services LLC acquired a new stake in PriceSmart, Inc. (NASDAQ:PSMT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,819 shares of the company’s stock, valued at approximately $821,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSMT. KLP Kapitalforvaltning AS boosted its holdings in PriceSmart by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,600 shares of the company’s stock valued at $588,000 after purchasing an additional 100 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of PriceSmart by 13.0% during the 2nd quarter. GAMMA Investing LLC now owns 888 shares of the company’s stock worth $93,000 after buying an additional 102 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of PriceSmart by 1.2% during the 2nd quarter. Yousif Capital Management LLC now owns 9,256 shares of the company’s stock valued at $972,000 after buying an additional 113 shares during the period. CHICAGO TRUST Co NA lifted its holdings in PriceSmart by 5.0% in the second quarter. CHICAGO TRUST Co NA now owns 2,393 shares of the company’s stock valued at $251,000 after acquiring an additional 115 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in PriceSmart by 24.3% during the first quarter. First Horizon Advisors Inc. now owns 654 shares of the company’s stock worth $57,000 after acquiring an additional 128 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PriceSmart news, EVP Michael Mccleary sold 9,754 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $110.62, for a total value of $1,078,987.48. Following the completion of the transaction, the executive vice president owned 47,082 shares in the company, valued at $5,208,210.84. The trade was a 17.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Francisco Velasco sold 550 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $122.82, for a total value of $67,551.00. Following the sale, the executive vice president directly owned 80,548 shares in the company, valued at $9,892,905.36. This represents a 0.68% decrease in their position. The disclosure for this sale can be found here. Insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on PSMT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of PriceSmart in a research note on Saturday. Wall Street Zen raised shares of PriceSmart from a “hold” rating to a “buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PriceSmart currently has an average rating of “Buy”.

PriceSmart Price Performance

PSMT stock opened at $123.15 on Monday. The business’s fifty day moving average price is $116.24 and its 200 day moving average price is $108.58. PriceSmart, Inc. has a 12-month low of $81.25 and a 12-month high of $125.48. The company has a current ratio of 1.28, a quick ratio of 0.50 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.79 billion, a PE ratio of 25.98 and a beta of 0.83.

PriceSmart Profile

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.