PFG Investments LLC Has $438,000 Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

PFG Investments LLC trimmed its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 2.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,777 shares of the company’s stock after selling 130 shares during the period. PFG Investments LLC’s holdings in PriceSmart were worth $438,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Copeland Capital Management LLC boosted its stake in shares of PriceSmart by 18.7% during the 3rd quarter. Copeland Capital Management LLC now owns 481,182 shares of the company’s stock worth $44,163,000 after acquiring an additional 75,896 shares in the last quarter. Everence Capital Management Inc. bought a new stake in PriceSmart during the third quarter worth approximately $281,000. Blue Trust Inc. grew its holdings in PriceSmart by 423.1% during the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $96,000 after purchasing an additional 842 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of PriceSmart by 9.6% in the third quarter. Bleakley Financial Group LLC now owns 16,232 shares of the company’s stock valued at $1,490,000 after purchasing an additional 1,423 shares during the period. Finally, nVerses Capital LLC lifted its stake in shares of PriceSmart by 66.7% in the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after buying an additional 400 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

Insider Transactions at PriceSmart

In other news, EVP Francisco Velasco sold 670 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $89.05, for a total value of $59,663.50. Following the sale, the executive vice president now owns 79,470 shares in the company, valued at approximately $7,076,803.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.60% of the company’s stock.

Analysts Set New Price Targets

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

PriceSmart Price Performance

NASDAQ PSMT opened at $90.31 on Wednesday. The stock has a 50-day simple moving average of $89.83 and a 200 day simple moving average of $85.46. PriceSmart, Inc. has a twelve month low of $61.82 and a twelve month high of $94.82. The stock has a market capitalization of $2.77 billion, a PE ratio of 21.92 and a beta of 0.84. 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 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.