Horizon Investment Services LLC Sells 1,662 Shares of PriceSmart, Inc. (NASDAQ:PSMT)

Horizon Investment Services LLC lowered its stake in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 25.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,748 shares of the company’s stock after selling 1,662 shares during the quarter. Horizon Investment Services LLC’s holdings in PriceSmart were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSMT. Innealta Capital LLC bought a new position in shares of PriceSmart in the second quarter worth $28,000. GAMMA Investing LLC grew its stake in PriceSmart by 76.4% during the second quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 181 shares in the last quarter. Covestor Ltd increased its holdings in 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. acquired a new position in shares of PriceSmart in the 2nd quarter valued at approximately $45,000. Finally, nVerses Capital LLC bought a new stake in shares of PriceSmart during the 2nd quarter worth approximately $49,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PriceSmart

In other news, Director Sherry S. Bahrambeygui sold 9,500 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $84.37, for a total transaction of $801,515.00. Following the sale, the director now directly owns 61,216 shares in the company, valued at $5,164,793.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other PriceSmart news, EVP Francisco Velasco sold 670 shares of PriceSmart stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $89.05, for a total transaction of $59,663.50. Following the transaction, the executive vice president now directly owns 79,470 shares of the company’s stock, valued at approximately $7,076,803.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sherry S. Bahrambeygui sold 9,500 shares of the stock in a transaction dated Monday, July 15th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 20,904 shares of company stock valued at $1,806,714 in the last 90 days. 18.60% of the stock is owned by corporate insiders.

PriceSmart Stock Performance

PriceSmart stock opened at $89.03 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.73 billion, a PE ratio of 21.61 and a beta of 0.85. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $92.76. The business’s 50-day moving average price is $85.27 and its two-hundred day moving average price is $83.37.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, July 10th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.01 by $0.07. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.21 billion. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. As a group, analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of PriceSmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th.

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.