GAM Holding AG Makes New $1.11 Million Investment in PriceSmart, Inc. (NASDAQ:PSMT)

GAM Holding AG acquired a new position in PriceSmart, Inc. (NASDAQ:PSMT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 18,771 shares of the company’s stock, valued at approximately $1,105,000. GAM Holding AG owned about 0.06% of PriceSmart at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PSMT. Nisa Investment Advisors LLC grew its holdings in PriceSmart by 600.0% in the first quarter. Nisa Investment Advisors LLC now owns 700 shares of the company’s stock worth $41,000 after purchasing an additional 600 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new position in PriceSmart in the fourth quarter worth $52,000. Quadrant Capital Group LLC purchased a new position in PriceSmart in the first quarter worth $58,000. ETF Managers Group LLC grew its holdings in PriceSmart by 15.6% in the fourth quarter. ETF Managers Group LLC now owns 1,555 shares of the company’s stock worth $92,000 after purchasing an additional 210 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in PriceSmart in the fourth quarter worth $142,000. 72.64% of the stock is owned by institutional investors and hedge funds.

In other PriceSmart news, Director Sherry S. Bahrambeygui sold 20,000 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $57.16, for a total value of $1,143,200.00. Following the completion of the transaction, the director now owns 154,201 shares in the company, valued at $8,814,129.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert E. Price sold 10,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $62.76, for a total transaction of $627,600.00. Following the completion of the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $5,020.80. The disclosure for this sale can be found here. Insiders have sold 54,007 shares of company stock valued at $3,163,396 over the last 90 days. 27.10% of the stock is currently owned by insiders.

Shares of PSMT traded down $0.27 during trading hours on Monday, reaching $50.85. 296,200 shares of the company traded hands, compared to its average volume of 159,339. The company has a market capitalization of $1.56 billion, a PE ratio of 20.93 and a beta of 1.01. The company has a quick ratio of 0.42, a current ratio of 1.27 and a debt-to-equity ratio of 0.09. PriceSmart, Inc. has a 12-month low of $48.06 and a 12-month high of $93.95. The stock has a fifty day simple moving average of $52.25.

PriceSmart (NASDAQ:PSMT) last posted its earnings results on Tuesday, April 9th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.23. The company had revenue of $854.43 million during the quarter, compared to the consensus estimate of $859.93 million. PriceSmart had a net margin of 2.38% and a return on equity of 11.51%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, analysts anticipate that PriceSmart, Inc. will post 2.24 EPS for the current fiscal year.

Separately, Zacks Investment Research lowered shares of PriceSmart from a “hold” rating to a “strong sell” rating in a report on Friday, March 29th. Three equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. PriceSmart currently has a consensus rating of “Sell” and an average target price of $77.00.

PriceSmart Company Profile

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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Institutional Ownership by Quarter for PriceSmart (NASDAQ:PSMT)

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