Copeland Capital Management LLC Increases Position in PriceSmart, Inc. (NASDAQ:PSMT)

Copeland Capital Management LLC raised its position in shares of PriceSmart, Inc. (NASDAQ:PSMT) by 18.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 481,182 shares of the company’s stock after purchasing an additional 75,896 shares during the period. Copeland Capital Management LLC owned approximately 1.57% of PriceSmart worth $44,163,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its holdings in shares of PriceSmart by 201.5% during the 1st quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock valued at $1,711,000 after buying an additional 13,614 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of PriceSmart in the 1st quarter valued at $2,673,000. Capstone Investment Advisors LLC boosted its stake in shares of PriceSmart by 249.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock valued at $1,585,000 after purchasing an additional 13,461 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of PriceSmart during the 2nd quarter valued at $1,202,000. Finally, LSV Asset Management raised its position in PriceSmart by 938.5% in the 1st quarter. LSV Asset Management now owns 181,971 shares of the company’s stock worth $15,286,000 after purchasing an additional 164,449 shares during the period. Institutional investors own 80.46% of the company’s stock.

PriceSmart Stock Performance

NASDAQ:PSMT opened at $92.01 on Tuesday. 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, Inc. has a fifty-two week low of $61.82 and a fifty-two week high of $94.82. The firm has a market cap of $2.82 billion, a PE ratio of 22.33 and a beta of 0.84. The business has a 50 day moving average price of $89.10 and a 200-day moving average price of $85.11.

Insider Buying and Selling at PriceSmart

In other PriceSmart news, EVP Francisco Velasco sold 827 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $91.03, for a total value of $75,281.81. Following the transaction, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a 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.