PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $96,552.54 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Gordon H. Hanson sold 1,107 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $87.22, for a total transaction of $96,552.54. Following the completion of the transaction, the director now directly owns 6,862 shares of the company’s stock, valued at approximately $598,503.64. This represents a 13.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PriceSmart Trading Up 0.2 %

PSMT opened at $87.30 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.45. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 19.23 and a beta of 0.86. The firm has a 50 day simple moving average of $91.30 and a 200 day simple moving average of $88.98. PriceSmart, Inc. has a fifty-two week low of $74.74 and a fifty-two week high of $99.23.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. On average, sell-side analysts anticipate that PriceSmart, Inc. will post 5.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PSMT. Canada Pension Plan Investment Board acquired a new position in PriceSmart during the second quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB grew its holdings in PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after purchasing an additional 664 shares during the period. GAMMA Investing LLC grew its holdings in PriceSmart by 96.9% during the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares during the period. nVerses Capital LLC grew its holdings in PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after purchasing an additional 400 shares during the period. Finally, 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 period. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.