Koa Wealth Management LLC Buys Shares of 7,630 PriceSmart, Inc. $PSMT

Key Points

• Koa Wealth Management bought a new stake of 7,630 shares of PriceSmart in the fourth quarter, valued at about $936,000.
• PriceSmart beat quarterly estimates with EPS of $1.62 versus $1.57 expected and reported revenue of $1.50 billion, up 9.7% year-over-year.
• The company declared a $0.70 dividend payable August 31 (record/ex-div date August 17), and institutional investors own roughly 80.46% of the stock.

Koa Wealth Management LLC bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 7,630 shares of the company's stock, valued at approximately $936,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSMT. Geneos Wealth Management Inc. grew its stake in PriceSmart by 560.0% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the company's stock valued at $26,000 after purchasing an additional 252 shares during the last quarter. First Horizon Corp purchased a new position in PriceSmart in the third quarter valued at about $30,000. Mather Group LLC. purchased a new position in PriceSmart in the third quarter valued at about $39,000. AlphaQuest LLC grew its stake in PriceSmart by 127.5% in the third quarter. AlphaQuest LLC now owns 414 shares of the company's stock valued at $50,000 after purchasing an additional 232 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in PriceSmart by 57.2% in the second quarter. Osaic Holdings Inc. now owns 492 shares of the company's stock valued at $52,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $161.10 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.52 and a current ratio of 1.29. The company has a market cap of $4.98 billion, a PE ratio of 31.78 and a beta of 0.74. The business has a 50-day simple moving average of $152.33 and a two-hundred day simple moving average of $137.20. PriceSmart, Inc. has a fifty-two week low of $98.71 and a fifty-two week high of $165.46.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 8th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. PriceSmart had a return on equity of 12.23% and a net margin of 2.82%.The company's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $1.45 earnings per share.

PriceSmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.70 dividend. This represents a yield of 89.0%. The ex-dividend date of this dividend is Monday, August 17th. PriceSmart's dividend payout ratio (DPR) is currently 27.61%.

Wall Street Analyst Weigh In

PSMT has been the topic of several analyst reports. Wall Street Zen lowered PriceSmart from a "buy" rating to a "hold" rating in a research note on Sunday, January 11th. Weiss Ratings lowered PriceSmart from a "buy (a-)" rating to a "buy (b)" rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, PriceSmart presently has a consensus rating of "Buy".

PriceSmart Company Profile

PriceSmart, Inc NASDAQ: PSMT is a U.S.-based retailer specializing in membership warehouse clubs. Founded in 1993, the company operates under a business model that offers bulk quantities of goods at discounted prices to individuals and businesses that purchase annual memberships. PriceSmart's value proposition centers on low-cost operations, high-volume purchasing, and a no-frills shopping environment designed to pass savings directly to its members.

The company's product assortment covers a broad range of merchandise categories, including groceries and fresh produce, household essentials, electronics, appliances, office supplies, furniture, and health and beauty items.

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