20,983 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 20,983 shares of the company’s stock, valued at approximately $1,934,000.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC raised its holdings in PriceSmart by 536.7% during the 4th quarter. Sterling Capital Management LLC now owns 312 shares of the company’s stock worth $29,000 after buying an additional 263 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart in the fourth quarter worth approximately $53,000. MassMutual Private Wealth & Trust FSB raised its holdings 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 valued at $63,000 after acquiring an additional 664 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 570 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock worth $80,000 after purchasing an additional 865 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Trading Up 1.5 %

Shares of NASDAQ PSMT opened at $93.64 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a one year low of $77.51 and a one year high of $99.23. The business has a 50-day moving average price of $87.93 and a two-hundred day moving average price of $90.06. The firm has a market capitalization of $2.88 billion, a PE ratio of 20.63 and a beta of 0.87.

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

PriceSmart Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.63 dividend. The ex-dividend date was Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is presently 26.92%.

Insider Transactions at PriceSmart

In other PriceSmart news, Director Jeffrey Fisher sold 1,700 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the transaction, the director now directly owns 16,911 shares of the company’s stock, valued at $1,606,545. This represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John D. Hildebrandt sold 8,020 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $90.51, for a total value of $725,890.20. Following the sale, the chief operating officer now directly owns 123,547 shares of the company’s stock, valued at $11,182,238.97. This trade represents a 6.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,055 shares of company stock valued at $1,833,849. 17.10% of the stock is owned by insiders.

Analysts Set New Price Targets

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

PriceSmart Company 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.