Nitorum Capital L.P. Has $23.84 Million Stake in PriceSmart, Inc. (NASDAQ:PSMT)

Nitorum Capital L.P. increased its position in shares of PriceSmart, Inc. (NASDAQ:PSMT - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,617 shares of the company's stock after buying an additional 5,954 shares during the period. PriceSmart accounts for approximately 2.7% of Nitorum Capital L.P.'s investment portfolio, making the stock its 16th biggest position. Nitorum Capital L.P. owned approximately 0.84% of PriceSmart worth $23,837,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its position in PriceSmart by 536.7% during the fourth quarter. Sterling Capital Management LLC now owns 312 shares of the company's stock worth $29,000 after purchasing an additional 263 shares during the period. Heck Capital Advisors LLC bought a new position in PriceSmart during the fourth quarter worth $53,000. MassMutual Private Wealth & Trust FSB boosted its position in PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company's stock worth $63,000 after purchasing an additional 664 shares during the period. Smartleaf Asset Management LLC boosted its position in PriceSmart by 393.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company's stock worth $65,000 after purchasing an additional 570 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of PriceSmart by 17,300.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company's stock valued at $80,000 after acquiring an additional 865 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

PriceSmart Stock Performance

Shares of PriceSmart stock traded up $0.11 during trading on Thursday, reaching $101.60. The company's stock had a trading volume of 56,513 shares, compared to its average volume of 185,433. The business's 50-day moving average price is $89.31 and its 200-day moving average price is $90.50. The firm has a market cap of $3.12 billion, a PE ratio of 22.38 and a beta of 0.87. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $102.52. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly 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). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. Equities analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors 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 (DPR) is presently 26.92%.

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.

Insider Activity at PriceSmart

In other PriceSmart news, Director Jeffrey Fisher sold 1,700 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $95.00, for a total transaction of $161,500.00. Following the completion of the transaction, the director now owns 16,911 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul Kovaleski sold 896 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $100.85, for a total value of $90,361.60. Following the transaction, the executive vice president now directly owns 43,039 shares of the company's stock, valued at approximately $4,340,483.15. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,796 shares of company stock valued at $270,866 over the last quarter. 17.10% of the stock is owned by corporate insiders.

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.