6,623 Shares in PriceSmart, Inc. (NASDAQ:PSMT) Purchased by Foster & Motley Inc.

Foster & Motley Inc. acquired a new stake in PriceSmart, Inc. (NASDAQ:PSMT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,623 shares of the company's stock, valued at approximately $538,000.

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A number of other institutional investors also recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in shares of PriceSmart in the second quarter valued at approximately $28,000. GAMMA Investing LLC increased its stake in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company's stock valued at $34,000 after buying an additional 181 shares during the period. Covestor Ltd increased its stake in shares of PriceSmart by 237.4% in the 1st quarter. Covestor Ltd now owns 442 shares of the company's stock valued at $38,000 after buying an additional 311 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of PriceSmart during the second quarter worth $45,000. Finally, nVerses Capital LLC acquired a new position in shares of PriceSmart during the second quarter valued at $49,000. 80.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised PriceSmart from a "buy" rating to a "strong-buy" rating in a report on Friday, August 9th.

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Check Out Our Latest Research Report on PriceSmart

PriceSmart Price Performance

Shares of PSMT stock opened at $86.12 on Friday. The firm's 50 day moving average price is $85.37 and its two-hundred day moving average price is $83.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20. PriceSmart, Inc. has a 52-week low of $61.82 and a 52-week high of $92.76. The stock has a market cap of $2.64 billion, a PE ratio of 20.90 and a beta of 0.85.

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PriceSmart (NASDAQ:PSMT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. PriceSmart had a return on equity of 11.89% and a net margin of 2.60%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $1.02 EPS. As a group, analysts forecast that PriceSmart, Inc. will post 4.64 EPS for the current year.

Insiders Place Their Bets

In other news, Director Sherry S. Bahrambeygui sold 9,500 shares of the company's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total value of $801,515.00. Following the completion of the sale, the director now directly owns 61,216 shares of the company's stock, valued at approximately $5,164,793.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Sherry S. Bahrambeygui sold 9,500 shares of PriceSmart stock in a transaction on Monday, July 15th. The shares were sold at an average price of $84.37, for a total transaction of $801,515.00. Following the transaction, the director now directly owns 61,216 shares of the company's stock, valued at $5,164,793.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Francisco Velasco sold 670 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $89.05, for a total transaction of $59,663.50. Following the completion of the sale, the executive vice president now owns 79,470 shares of the company's stock, valued at approximately $7,076,803.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,904 shares of company stock worth $1,806,714. Insiders own 18.60% of the company's stock.

PriceSmart Company 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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