Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) CFO Sells 4,000 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $89.67, for a total transaction of $358,680.00. Following the completion of the transaction, the chief financial officer now directly owns 58,141 shares of the company’s stock, valued at $5,213,503.47. This represents a 6.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Michael Mccleary also recently made the following trade(s):

• On Tuesday, November 12th, Michael Mccleary sold 4,000 shares of PriceSmart stock. The shares were sold at an average price of $89.62, for a total transaction of $358,480.00.

PriceSmart Stock Down 0.2 %

PSMT opened at $90.45 on Friday. The stock’s fifty day simple moving average is $91.28 and its 200 day simple moving average is $89.19. PriceSmart, Inc. has a 1-year low of $74.74 and a 1-year high of $99.23. The stock has a market cap of $2.77 billion, a PE ratio of 19.92 and a beta of 0.86. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On PriceSmart

Institutional investors and hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in PriceSmart in the 2nd quarter valued at $32,000. Heck Capital Advisors LLC acquired a new stake in shares of PriceSmart during the fourth quarter worth $53,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of PriceSmart by 3,905.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 681 shares of the company’s stock valued at $63,000 after acquiring an additional 664 shares during the period. GAMMA Investing LLC grew its stake in shares of PriceSmart by 96.9% in 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 in the last quarter. Finally, nVerses Capital LLC raised its stake in PriceSmart by 66.7% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $92,000 after purchasing an additional 400 shares in the last quarter. 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.