Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $465,000.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 5,000 shares of PriceSmart stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $93.00, for a total value of $465,000.00. Following the completion of the transaction, the director now owns 18,611 shares in the company, valued at approximately $1,730,823. This represents a 21.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Fisher also recently made the following trade(s):

• On Monday, February 10th, Jeffrey Fisher sold 1,700 shares of PriceSmart stock. The shares were sold at an average price of $95.00, for a total transaction of $161,500.00.

PriceSmart Stock Performance

Shares of PSMT stock opened at $93.55 on Thursday. The business’s 50-day moving average price is $92.15 and its 200-day moving average price is $89.95. PriceSmart, Inc. has a 12 month low of $77.51 and a 12 month high of $99.23. 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 firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 20.61 and a beta of 0.85.

PriceSmart (NASDAQ:PSMT) last posted its 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 revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. Equities research analysts forecast that PriceSmart, Inc. will post 5.28 EPS for the current year.

PriceSmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.63 dividend. The ex-dividend date is Tuesday, February 18th. PriceSmart’s dividend payout ratio (DPR) is presently 25.55%.

Hedge Funds Weigh In On PriceSmart

Hedge funds have recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in PriceSmart during the 4th quarter worth approximately $53,000. MassMutual Private Wealth & Trust FSB raised its stake in PriceSmart by 3,905.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock worth $63,000 after buying an additional 664 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in PriceSmart by 393.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 715 shares of the company’s stock valued at $65,000 after buying an additional 570 shares during the period. GAMMA Investing LLC boosted its position 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 acquiring an additional 405 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in PriceSmart by 17,300.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock worth $80,000 after acquiring an additional 865 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Monday.

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.