Bleakley Financial Group LLC Has $1.49 Million Holdings in PriceSmart, Inc. (NASDAQ:PSMT)

Bleakley Financial Group LLC increased its holdings in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,232 shares of the company’s stock after purchasing an additional 1,423 shares during the quarter. Bleakley Financial Group LLC owned approximately 0.05% of PriceSmart worth $1,490,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. nVerses Capital LLC boosted its holdings in PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after purchasing an additional 400 shares during the last quarter. Creative Planning boosted its holdings in PriceSmart by 3.2% during the third quarter. Creative Planning now owns 7,720 shares of the company’s stock worth $709,000 after purchasing an additional 236 shares during the last quarter. CHICAGO TRUST Co NA acquired a new position in PriceSmart during the third quarter worth $252,000. CWM LLC boosted its holdings in PriceSmart by 30.4% during the third quarter. CWM LLC now owns 1,632 shares of the company’s stock worth $150,000 after purchasing an additional 380 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in PriceSmart by 3.2% during the third quarter. Diversified Trust Co now owns 8,168 shares of the company’s stock worth $750,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Stock Performance

Shares of PSMT stock opened at $92.96 on Friday. The stock has a market cap of $2.85 billion, a P/E ratio of 22.56 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.20 and a quick ratio of 0.49. The company has a fifty day moving average price of $88.90 and a two-hundred day moving average price of $85.02. PriceSmart, Inc. has a one year low of $61.82 and a one year high of $94.82.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 670 shares of the 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 completion of the sale, the executive vice president now owns 79,470 shares in the company, valued at $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 available through this link. In other PriceSmart news, EVP Francisco Velasco sold 670 shares of the 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 completion of the sale, the executive vice president now owns 79,470 shares in the company, valued at $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 available through this link. Also, CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $87.51, for a total transaction of $350,040.00. Following the sale, the chief financial officer now owns 67,474 shares of the company’s stock, valued at approximately $5,904,649.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,497 shares of company stock worth $484,985 over the last quarter. 18.60% of the stock is currently owned by 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.