GAMMA Investing LLC Has $6.07 Million Stake in PriceSmart, Inc. (NASDAQ:PSMT)

GAMMA Investing LLC increased its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 7,364.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,050 shares of the company's stock after purchasing an additional 68,125 shares during the quarter. GAMMA Investing LLC owned approximately 0.23% of PriceSmart worth $6,066,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in PriceSmart by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,305,698 shares of the company's stock valued at $120,345,000 after purchasing an additional 5,947 shares during the last quarter. American Century Companies Inc. raised its stake in shares of PriceSmart by 4.1% during the 4th quarter. American Century Companies Inc. now owns 1,230,696 shares of the company's stock worth $113,434,000 after purchasing an additional 48,108 shares in the last quarter. FMR LLC raised its stake in shares of PriceSmart by 1.8% during the 4th quarter. FMR LLC now owns 1,204,566 shares of the company's stock worth $111,025,000 after purchasing an additional 21,827 shares in the last quarter. Geode Capital Management LLC raised its position in PriceSmart by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 692,864 shares of the company's stock valued at $63,874,000 after acquiring an additional 7,994 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in PriceSmart by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,876 shares of the company's stock worth $41,834,000 after purchasing an additional 15,359 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

PriceSmart Price Performance

Shares of PriceSmart stock traded down $0.51 during trading on Wednesday, hitting $107.74. 139,290 shares of the company's stock traded hands, compared to its average volume of 194,343. 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's fifty day moving average price is $99.88 and its 200 day moving average price is $93.57. The company has a market cap of $3.31 billion, a PE ratio of 23.73 and a beta of 0.81. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $110.53.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its 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 business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 EPS. Analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Insider Transactions at PriceSmart

In other news, Director Edgar Zurcher sold 390 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $102.78, for a total value of $40,084.20. Following the completion of the transaction, the director now owns 9,279 shares of the company's stock, valued at $953,695.62. The trade was a 4.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Fisher sold 2,000 shares of PriceSmart stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $104.00, for a total value of $208,000.00. Following the transaction, the director now owns 11,011 shares in the company, valued at approximately $1,145,144. This represents a 15.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,836 shares of company stock worth $1,005,273. 17.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised PriceSmart from a "hold" rating to a "buy" rating in a research report on Saturday, May 31st.

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.