2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. boosted its holdings in PriceSmart, Inc. ( NASDAQ:PSMT – Free Report ) by 11.
6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 113,250 shares of the company’s stock after purchasing an additional 11,797 shares during the quarter. Envestnet Asset Management Inc.
owned about 0.37% of PriceSmart worth $10,438,000 at the end of the most recent quarter. Other institutional investors have also recently added to or reduced their stakes in the company.
Boston Partners increased its position in PriceSmart by 4,690.8% in the 4th quarter. Boston Partners now owns 297,655 shares of the company’s stock valued at $27,344,000 after buying an additional 291,442 shares in the last quarter.
River Road Asset Management LLC acquired a new position in shares of PriceSmart during the fourth quarter worth approximately $19,078,000. Copeland Capital Management LLC lifted its holdings in shares of PriceSmart by 29.2% in the 4th quarter.
Copeland Capital Management LLC now owns 621,697 shares of the company’s stock worth $57,302,000 after purchasing an additional 140,515 shares in the last quarter. Burney Co. acquired a new stake in PriceSmart in the 4th quarter valued at $5,030,000.
Finally, American Century Companies Inc. increased its stake in PriceSmart by 4.1% during the 4th quarter.
American Century Companies Inc. now owns 1,230,696 shares of the company’s stock valued at $113,434,000 after purchasing an additional 48,108 shares in the last quarter. 80.
46% of the stock is owned by institutional investors and hedge funds. Insiders Place Their Bets In other news, Director Jeffrey Fisher sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $95.
00, for a total transaction of $161,500.00. Following the completion of the sale, the director now owns 16,911 shares in the company, valued at $1,606,545.
This trade represents a 9.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, EVP Francisco Velasco sold 555 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total value of $50,183.
10. Following the completion of the transaction, the executive vice president now owns 79,008 shares in the company, valued at approximately $7,143,903.36.
The trade was a 0.70 % decrease in their position. The disclosure for this sale can be found here .
In the last ninety days, insiders sold 20,055 shares of company stock valued at $1,833,849. Corporate insiders own 17.10% of the company’s stock.
PriceSmart Stock Performance PriceSmart ( NASDAQ:PSMT – Get Free Report ) last released 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 analysts’ expectations of $1.34 billion. PriceSmart had a net margin of 2.
76% and a return on equity of 12.29%. The company’s quarterly revenue was up 5.
6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 earnings per share.
Equities analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.
PriceSmart Announces Dividend The company also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $0.63 per share.
The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is presently 26.92%.
Analysts Set New Price Targets Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a report on Monday, March 10th. Read Our Latest Research Report on PriceSmart PriceSmart Profile ( Free Report ) 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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