Janney Montgomery Scott LLC Has $1.43 Million Position in PriceSmart, Inc. (NASDAQ:PSMT)

Janney Montgomery Scott LLC increased its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 21.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,276 shares of the company's stock after acquiring an additional 2,868 shares during the quarter. Janney Montgomery Scott LLC owned about 0.05% of PriceSmart worth $1,430,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its position in shares of PriceSmart by 7,364.9% during the first quarter. GAMMA Investing LLC now owns 69,050 shares of the company's stock valued at $6,066,000 after acquiring an additional 68,125 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of PriceSmart by 522.5% during the first quarter. Harbor Capital Advisors Inc. now owns 113,268 shares of the company's stock valued at $9,951,000 after purchasing an additional 95,073 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PriceSmart during the fourth quarter valued at approximately $591,000. Deutsche Bank AG raised its stake in PriceSmart by 47.0% during the 4th quarter. Deutsche Bank AG now owns 22,007 shares of the company's stock valued at $2,028,000 after buying an additional 7,040 shares during the last quarter. Finally, River Road Asset Management LLC purchased a new position in shares of PriceSmart during the 4th quarter worth $19,078,000. Institutional investors own 80.46% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of PriceSmart from a "buy" rating to a "hold" rating in a research report on Friday.

Insider Buying and Selling

In other PriceSmart news, Director Jeffrey Fisher sold 2,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the transaction, the director owned 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Francisco Velasco sold 550 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $99.74, for a total transaction of $54,857.00. Following the sale, the executive vice president owned 78,458 shares in the company, valued at approximately $7,825,400.92. This trade represents a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,836 shares of company stock valued at $1,005,273 over the last 90 days. 17.10% of the stock is currently owned by corporate insiders.

PriceSmart Stock Down 1.2%

PriceSmart stock traded down $1.31 during midday trading on Monday, hitting $105.04. 306,809 shares of the company's stock were exchanged, compared to its average volume of 198,539. The company has a market cap of $3.23 billion, a PE ratio of 22.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.46 and a current ratio of 1.25. The firm has a 50-day moving average of $104.23 and a two-hundred day moving average of $94.79. PriceSmart, Inc. has a 12 month low of $0.01 and a 12 month high of $109.84.

PriceSmart (NASDAQ:PSMT - Get Free Report) last released its earnings results on Wednesday, April 9th. The company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.51 by ($0.06). PriceSmart had a return on equity of 12.40% and a net margin of 2.81%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the prior year, the firm earned $1.31 EPS. The firm's revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

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.