PriceSmart, Inc. (NASDAQ:PSMT) Director Sells $161,500.00 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 1,700 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $95.00, for a total value of $161,500.00. Following the completion of the transaction, the director now owns 16,911 shares in the company, valued at approximately $1,606,545. This trade represents a 9.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, January 30th, Jeffrey Fisher sold 5,000 shares of PriceSmart stock. The stock was sold at an average price of $93.00, for a total transaction of $465,000.00.

PriceSmart Stock Down 0.7 %

NASDAQ:PSMT traded down $0.64 during trading hours on Wednesday, reaching $94.22. The company’s stock had a trading volume of 27,797 shares, compared to its average volume of 226,772. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 20.73 and a beta of 0.85. The business’s 50-day moving average is $92.10 and its 200-day moving average is $89.93. PriceSmart, Inc. has a one year low of $77.51 and a one year high of $99.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 0.43.

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

PriceSmart Dividend Announcement

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

Analyst Ratings Changes

Separately, StockNews.com downgraded PriceSmart from a “buy” rating to a “hold” rating in a research report on Monday.

Institutional Investors Weigh In On PriceSmart

Several hedge funds have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in shares of PriceSmart in the 4th quarter worth approximately $53,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of PriceSmart by 3,905.9% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 570 shares during the period. GAMMA Investing LLC raised its position in PriceSmart by 96.9% in the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $76,000 after purchasing an additional 405 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in PriceSmart by 17,300.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 870 shares of the company’s stock worth $80,000 after purchasing an additional 865 shares during the period. 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.