Lido Advisors LLC Makes New Investment in PriceSmart, Inc. (NASDAQ:PSMT)

Lido Advisors LLC bought a new position in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,818 shares of the company's stock, valued at approximately $260,000.

Several other hedge funds also recently made changes to their positions in PSMT. Northern Trust Corp boosted its stake in PriceSmart by 13.0% during the fourth quarter. Northern Trust Corp now owns 354,720 shares of the company's stock worth $32,695,000 after acquiring an additional 40,927 shares in the last quarter. Nitorum Capital L.P. raised its stake in PriceSmart by 2.4% during the fourth quarter. Nitorum Capital L.P. now owns 258,617 shares of the company's stock valued at $23,837,000 after buying an additional 5,954 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in PriceSmart in the fourth quarter worth $2,056,000. Hancock Whitney Corp purchased a new stake in shares of PriceSmart in the fourth quarter worth $205,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of PriceSmart by 670.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 231,949 shares of the company's stock valued at $21,380,000 after acquiring an additional 201,841 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

PriceSmart Price Performance

Shares of NASDAQ PSMT opened at $100.99 on Wednesday. The firm has a market cap of $3.11 billion, a P/E ratio of 22.24 and a beta of 0.75. PriceSmart, Inc. has a twelve month low of $77.51 and a twelve month high of $102.82. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $90.13 and a 200 day moving average of $90.72.

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

PriceSmart Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart's dividend payout ratio is presently 26.92%.

Insider Activity at PriceSmart

In related news, Director Jeffrey Fisher sold 1,700 shares of PriceSmart stock in a transaction on Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the completion of the sale, the director now owns 16,911 shares of the company's stock, valued at $1,606,545. The trade was a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Kovaleski sold 896 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $100.85, for a total value of $90,361.60. Following the completion of the transaction, the executive vice president now directly owns 43,039 shares in the company, valued at approximately $4,340,483.15. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,796 shares of company stock worth $270,866 over the last quarter. Company insiders own 17.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of PriceSmart from a "hold" rating to a "buy" rating in a research report on Monday, March 10th.

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.

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