Voloridge Investment Management LLC Boosts Position in PriceSmart, Inc. (NASDAQ:PSMT)

Voloridge Investment Management LLC boosted its stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,333 shares of the company's stock after purchasing an additional 18,260 shares during the period. Voloridge Investment Management LLC owned about 0.18% of PriceSmart worth $5,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vident Advisory LLC acquired a new stake in PriceSmart in the fourth quarter worth $213,000. State of Wyoming purchased a new position in PriceSmart in the fourth quarter valued at about $165,000. Snowden Capital Advisors LLC lifted its stake in shares of PriceSmart by 13.1% during the 4th quarter. Snowden Capital Advisors LLC now owns 5,507 shares of the company's stock valued at $508,000 after buying an additional 636 shares in the last quarter. Redwood Investments LLC lifted its stake in shares of PriceSmart by 46.1% during the 4th quarter. Redwood Investments LLC now owns 24,885 shares of the company's stock valued at $2,294,000 after buying an additional 7,857 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in PriceSmart by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 7,553 shares of the company's stock worth $696,000 after acquiring an additional 2,320 shares during the period. Institutional investors own 80.46% of the company's stock.

Insider Transactions at PriceSmart

In related news, Director Jeffrey Fisher sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $104.00, for a total value of $208,000.00. Following the completion of the transaction, the director now directly owns 11,011 shares of the company's stock, valued at $1,145,144. This trade represents a 15.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Kovaleski sold 896 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $100.85, for a total transaction of $90,361.60. Following the completion of the transaction, the executive vice president now owns 43,039 shares in the company, valued at approximately $4,340,483.15. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,836 shares of company stock valued at $1,005,273. 17.10% of the stock is currently owned by corporate insiders.

PriceSmart Price Performance

PriceSmart stock traded up $1.69 during midday trading on Friday, reaching $108.45. 338,865 shares of the stock were exchanged, compared to its average volume of 192,282. The company's fifty day moving average is $97.05 and its 200-day moving average is $92.63. The firm has a market cap of $3.34 billion, a PE ratio of 23.89 and a beta of 0.75. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $108.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26.

PriceSmart (NASDAQ:PSMT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 9th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.06). The business had revenue of $1.36 billion during 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%. The firm's revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. On average, sell-side analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of PriceSmart from a "hold" rating to a "buy" rating in a report on Saturday.

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.