Michael Mccleary Sells 4,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) CFO Michael Mccleary sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $5,569,076.42. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

PriceSmart Stock Performance

PSMT opened at $87.21 on Friday. The company has a market cap of $2.68 billion, a P/E ratio of 19.08 and a beta of 0.85. The company has a quick ratio of 0.45, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $89.89 and its 200-day moving average price is $86.16. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.07). PriceSmart had a net margin of 2.83% and a return on equity of 12.63%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that PriceSmart, Inc. will post 5.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of PriceSmart

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of PriceSmart during the second quarter worth about $28,000. Canada Pension Plan Investment Board acquired a new stake in PriceSmart during the 2nd quarter valued at approximately $32,000. GAMMA Investing LLC boosted its holdings in shares of PriceSmart by 76.4% in the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 181 shares during the last quarter. Covestor Ltd increased its stake in shares of PriceSmart by 237.4% in the first quarter. Covestor Ltd now owns 442 shares of the company’s stock worth $38,000 after acquiring an additional 311 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in shares of PriceSmart during the second quarter worth $40,000. Institutional investors and hedge funds 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.