Trivant Custom Portfolio Group LLC, an institutional investor, has recently acquired a new stake in PriceSmart, Inc. (NASDAQ:PSMT) during the first quarter of this year. According to the disclosure made to the Securities and Exchange Commission (SEC), Trivant Custom Portfolio Group LLC purchased 1,321 shares of PriceSmart’s stock with a value of approximately $94,000.
PriceSmart is a publicly traded company listed on the NASDAQ exchange under the ticker symbol PSMT. The company recently announced its quarterly earnings results on July 11th. In these results, PriceSmart reported earnings per share (EPS) of $0.94 for the quarter, which exceeded the consensus estimate by $0.09. This positive news indicates that PriceSmart performed better than expected during this period.
Additionally, PriceSmart achieved a net margin of 2.71% and a return on equity of 12.20%. These figures demonstrate the company’s ability to generate profits and efficiently utilize its shareholders’ investments.
Moreover, PriceSmart’s revenue for the quarter reached $1.10 billion, aligning closely with analyst estimates. This represents a 6.4% increase compared to the same period in the previous year when the company earned $0.62 earnings per share.
The acquisition of shares by Trivant Custom Portfolio Group LLC suggests growing interest from institutional investors in PriceSmart’s stock. It demonstrates confidence in the company’s financial performance and future prospects.
Investors and analysts may find it beneficial to examine more recent analysis reports on PriceSmart to gain an updated understanding of its financial position and projections for future growth opportunities.
In conclusion, Trivant Custom Portfolio Group LLC’s recent acquisition of shares in PriceSmart signifies their belief in the company’s potential for continued success. As shared by PriceSmart’s latest quarterly earnings report, they have exhibited strong financial performance exceeding market expectations. Nonetheless, investors should remain vigilant and stay informed about updated analysis reports to make well-informed decisions regarding PriceSmart’s stock.
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PriceSmart’s Changing Shareholder Base and Insider Trading Activity: Insights for Potential Investors
PriceSmart, Inc., a leading operator of membership warehouse clubs, has seen a number of changes in its shareholder base recently. Various hedge funds and institutional investors have either increased or decreased their stakes in the company. Ameritas Investment Partners Inc., for instance, raised its stake by 11.6% during the first quarter, acquiring an additional 214 shares and bringing its total ownership to 2,064 shares valued at $148,000.
Similarly, Royce & Associates LP entered the game by purchasing a stake worth $729,000 during the same quarter. ETF Managers Group LLC also increased its stake by 1.5% to own 9,195 shares worth $657,000. Additionally, Black Creek Investment Management Inc. added 33,743 more shares to its portfolio during the first quarter and New York Life Investment Management LLC closed out the series by acquiring an additional 793 shares.
In terms of ownership breakdown, these institutional investors claim ownership of approximately 81.19% of PriceSmart’s stock.
Furthermore, from a financial perspective, PriceSmart shares opened at $76.93 on September 13, 2023. The company has a market capitalization of $2.39 billion and operates with a price-to-earnings ratio of 20.46 along with a beta value of 0.89. Showing stability in its financial position, PriceSmart maintains a debt-to-equity ratio of 0.11 while exhibiting solid liquidity ratios like the current ratio of 1.44 and quick ratio of 0.69.
Over the past year, PriceSmart’s stock price has ranged from a low of $56.29 to a high of $82.63 – emphasizing both volatility and potential for investors over this period.
In recent news related to PriceSmart’s stocks, Director Sherry S.Bahrambeygui completed a transaction where she sold off 800 shares on July 18th. The shares were sold at an average price of $78.74, making the transaction’s total value reach $62,992. Following this sale, Bahrambeygui now holds 83,395 shares worth approximately $6,566,522.30.
It is worth noting that 17.40% of PriceSmart’s stock is owned by insiders, highlighting their belief in the company’s future prospects.
The positive sentiment around PriceSmart is also reflected in a recent analysis by StockNews.com. The company received a “buy” rating for its shares on August 17th when StockNews.com initiated coverage.
As PriceSmart continues to make strides in the membership warehouse industry, these developments within its shareholder base and insider trading provide valuable insights for potential investors interested in navigating the company’s stock market performance and following its growth trajectory closely.