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 business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $89.67, for a total value of $358,680.00. Following the sale, the chief financial officer now owns 58,141 shares in the company, valued at approximately $5,213,503.47. The trade was a 6.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

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

PriceSmart Stock Up 0.2 %

Shares of PSMT opened at $90.64 on Thursday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 19.96 and a beta of 0.86. PriceSmart, Inc. has a 52 week low of $74.74 and a 52 week high of $99.23. The stock’s 50-day moving average price is $91.28 and its 200-day moving average price is $89.19. The company has a quick ratio of 0.43, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $1.21 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the business earned $1.24 EPS. PriceSmart’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that PriceSmart, Inc. will post 5.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of PriceSmart during the 2nd quarter valued at about $32,000. MassMutual Private Wealth & Trust FSB boosted its position 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 purchasing an additional 664 shares in the last quarter. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 405 shares during the period. nVerses Capital LLC increased its position in shares of PriceSmart by 66.7% in the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after buying an additional 400 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of PriceSmart by 423.1% during the 3rd quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock worth $96,000 after buying an additional 842 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.