GAMMA Investing LLC Increases Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

GAMMA Investing LLC grew its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 7,364.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

Several other hedge funds also recently made changes to their positions in PSMT. Wealth Enhancement Advisory Services LLC purchased a new position in shares of PriceSmart during the fourth quarter worth about $261,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PriceSmart during the fourth quarter worth about $6,935,000. Jefferies Financial Group Inc. purchased a new position in shares of PriceSmart during the fourth quarter worth about $2,193,000. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart during the fourth quarter worth about $53,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of PriceSmart by 18.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,925 shares of the company's stock worth $5,800,000 after buying an additional 9,829 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Insider Buying and Selling

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 transaction of $40,084.20. Following the completion of the sale, the director now directly 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 link. Also, Director Jeffrey Fisher sold 3,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $102.21, for a total transaction of $306,630.00. Following the sale, the director now directly owns 13,011 shares of the company's stock, valued at $1,329,854.31. This represents a 18.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,836 shares of company stock worth $1,005,273 in the last ninety days. Insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

PriceSmart Stock Performance

Shares of NASDAQ PSMT traded down $2.02 during midday trading on Friday, reaching $105.45. 201,976 shares of the company were exchanged, compared to its average volume of 194,378. 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 1 year low of $77.51 and a 1 year high of $109.84. The stock has a fifty day simple moving average of $101.27 and a 200 day simple moving average of $93.88. The stock has a market cap of $3.24 billion, a P/E ratio of 23.23 and a beta of 0.81.

PriceSmart (NASDAQ:PSMT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the firm posted $1.31 EPS. PriceSmart's revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

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.