PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco Sells 555 Shares

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 555 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $90.42, for a total transaction of $50,183.10. Following the completion of the transaction, the executive vice president now owns 79,008 shares of the company’s stock, valued at $7,143,903.36. This trade represents a 0.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

PriceSmart Price Performance

Shares of NASDAQ PSMT traded up $0.34 during midday trading on Friday, hitting $90.79. 315,714 shares of the company’s stock were exchanged, compared to its average volume of 258,328. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $91.28 and its two-hundred day moving average price is $89.19. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 20.00 and a beta of 0.86. PriceSmart, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23.

PriceSmart (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a return on equity of 12.29% and a net margin of 2.76%. PriceSmart’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. As a group, research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On PriceSmart

Hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in PriceSmart in the 2nd quarter worth approximately $32,000. Heck Capital Advisors LLC purchased a new position in shares of PriceSmart during the fourth quarter worth approximately $53,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of PriceSmart by 3,905.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after acquiring an additional 664 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of PriceSmart by 96.9% in the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares in the last quarter. Finally, nVerses Capital LLC grew its holdings in shares of PriceSmart by 66.7% during the 3rd 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 last quarter. Institutional investors own 80.46% of the company’s stock.

About PriceSmart

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.