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 dated Tuesday, November 12th. The shares were sold at an average price of $89.62, for a total transaction of $358,480.00. Following the completion of the sale, the chief financial officer now owns 62,141 shares of the company’s stock, valued at $5,569,076.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

PriceSmart Trading Down 1.4 %

PriceSmart stock traded down $1.29 during midday trading on Thursday, hitting $88.22. 16,194 shares of the stock were exchanged, compared to its average volume of 150,165. The stock has a market capitalization of $2.71 billion, a PE ratio of 19.59 and a beta of 0.85. The company has a fifty day simple moving average of $89.89 and a two-hundred day simple moving average of $86.11. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. PriceSmart, Inc. has a 52 week low of $66.79 and a 52 week high of $94.82.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.07). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. PriceSmart had a return on equity of 12.63% and a net margin of 2.83%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered PriceSmart from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st.

Institutional Investors Weigh In On PriceSmart

Institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in PriceSmart by 1.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 53,096 shares of the company’s stock worth $4,873,000 after buying an additional 503 shares during the period. FMR LLC lifted its position in shares of PriceSmart by 5.9% during the 3rd quarter. FMR LLC now owns 1,182,739 shares of the company’s stock valued at $108,552,000 after acquiring an additional 65,492 shares during the period. Fisher Asset Management LLC raised its stake in PriceSmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 24,787 shares of the company’s stock valued at $2,275,000 after purchasing an additional 1,079 shares in the last quarter. Managed Asset Portfolios LLC grew its stake in PriceSmart by 16.5% during the third quarter. Managed Asset Portfolios LLC now owns 81,635 shares of the company’s stock worth $7,493,000 after buying an additional 11,546 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of PriceSmart by 3.3% in the 3rd quarter. Algert Global LLC now owns 107,286 shares of the company’s stock valued at $9,847,000 after buying an additional 3,471 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

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.