State Street Corp increased its position in PriceSmart, Inc. (NASDAQ:PSMT) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 425,267 shares of the company’s stock after buying an additional 26,400 shares during the period. State Street Corp owned 1.42% of PriceSmart worth $35,509,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of PSMT. Victory Capital Management Inc. raised its stake in PriceSmart by 20.2% in the third quarter. Victory Capital Management Inc. now owns 1,382 shares of the company’s stock worth $116,000 after buying an additional 232 shares in the last quarter. Sei Investments Co. raised its stake in shares of PriceSmart by 20.4% in the third quarter. Sei Investments Co. now owns 2,225 shares of the company’s stock worth $186,000 after buying an additional 377 shares in the last quarter. Parametrica Management Ltd purchased a new stake in shares of PriceSmart during the third quarter worth about $204,000. SG Americas Securities LLC purchased a new stake in shares of PriceSmart during the third quarter worth about $224,000. Finally, Advisor Group Inc. raised its stake in shares of PriceSmart by 5.5% in the third quarter. Advisor Group Inc. now owns 3,618 shares of the company’s stock worth $304,000 after buying an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.
PriceSmart, Inc. (NASDAQ:PSMT) traded down 1.14% on Friday, hitting $86.95. The company’s stock had a trading volume of 48,560 shares. PriceSmart, Inc. has a 12 month low of $75.80 and a 12 month high of $94.86. The firm has a 50 day moving average of $89.46 and a 200-day moving average of $87.86. The stock has a market cap of $2.61 billion, a PE ratio of 29.04 and a beta of 1.31.
The business also recently disclosed a semiannual dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.35 dividend. The ex-dividend date is Friday, August 11th. This represents a dividend yield of 0.82%. PriceSmart’s dividend payout ratio (DPR) is 23.65%.
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A number of brokerages recently issued reports on PSMT. Roth Capital set a $102.00 target price on PriceSmart and gave the company a “buy” rating in a research report on Saturday, April 1st. Zacks Investment Research lowered PriceSmart from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd.
In related news, Director Sherry S. Bahrambeygui sold 4,400 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $83.40, for a total value of $366,960.00. Following the completion of the transaction, the director now owns 136,791 shares of the company’s stock, valued at approximately $11,408,369.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sherry S. Bahrambeygui sold 1,600 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $85.38, for a total transaction of $136,608.00. Following the completion of the transaction, the director now directly owns 136,791 shares of the company’s stock, valued at approximately $11,679,215.58. The disclosure for this sale can be found here. Insiders sold a total of 16,893 shares of company stock valued at $1,442,930 over the last 90 days. 28.00% of the stock is currently owned by company insiders.
PriceSmart, Inc, through its subsidiaries, is engaged in the international operation of membership shopping in warehouse clubs. In addition, the Company operates distribution centers and offices in the United States. The Company’s segments include the United States, Central America, the Caribbean and Colombia.
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