Francisco Velasco Sells 555 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 555 shares of PriceSmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $90.42, for a total value of $50,183.10. Following the sale, the executive vice president now directly owns 79,008 shares of the company’s stock, valued at $7,143,903.36. This trade represents a 0.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PriceSmart Stock Performance

NASDAQ PSMT opened at $90.79 on Monday. The firm has a market capitalization of $2.78 billion, a P/E ratio of 20.00 and a beta of 0.86. The stock has a 50-day simple moving average of $91.40 and a two-hundred day simple moving average of $89.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.43 and a current ratio of 1.26. PriceSmart, Inc. has a fifty-two week low of $74.74 and a fifty-two week high of $99.23.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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

Large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in PriceSmart during the second quarter valued at $32,000. Heck Capital Advisors LLC acquired a new stake in shares of PriceSmart during the 4th quarter valued at about $53,000. MassMutual Private Wealth & Trust FSB grew 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 during the period. GAMMA Investing LLC increased its stake in shares of PriceSmart by 96.9% in the 3rd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after purchasing an additional 405 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings 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 during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

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.