Segall Bryant & Hamill LLC Invests $2.12 Million in PriceSmart, Inc. (NASDAQ:PSMT)

Segall Bryant & Hamill LLC bought a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,049 shares of the company’s stock, valued at approximately $2,124,000. Segall Bryant & Hamill LLC owned 0.08% of PriceSmart at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in PriceSmart by 227.3% during the 3rd quarter. Barclays PLC now owns 46,710 shares of the company’s stock valued at $4,287,000 after purchasing an additional 32,438 shares during the last quarter. Stifel Financial Corp boosted its position in PriceSmart by 18.4% in the third quarter. Stifel Financial Corp now owns 39,513 shares of the company’s stock valued at $3,627,000 after buying an additional 6,137 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in PriceSmart by 47.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 18,195 shares of the company’s stock valued at $1,677,000 after buying an additional 5,818 shares during the last quarter. Burney Co. acquired a new position in PriceSmart in the 4th quarter worth approximately $5,030,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in PriceSmart by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock worth $4,873,000 after buying an additional 503 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Up 0.9 %

PriceSmart stock opened at $86.72 on Friday. The business’s 50-day moving average price is $89.02 and its 200 day moving average price is $90.13. 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 firm has a market cap of $2.66 billion, a price-to-earnings ratio of 19.10 and a beta of 0.84. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $99.23.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $1.24 EPS. PriceSmart’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

PriceSmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is currently 27.75%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of PriceSmart from a “hold” rating to a “buy” rating in a research note on Monday, March 10th.

Insider Transactions at PriceSmart

In other PriceSmart news, Director Jeffrey Fisher sold 1,700 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $95.00, for a total transaction of $161,500.00. Following the transaction, the director now owns 16,911 shares in the company, valued at approximately $1,606,545. This represents a 9.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Velasco sold 555 shares of the business’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 sale, the executive vice president now owns 79,008 shares of the company’s stock, valued at $7,143,903.36. This trade represents a 0.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,162 shares of company stock valued at $1,930,402 in the last ninety days. 17.10% of the stock is currently owned by corporate insiders.

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.