PriceSmart, Inc. (NASDAQ:PSMT) EVP Sells $75,281.81 in Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 827 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the sale, the executive vice president now directly owns 84,385 shares in the company, valued at $7,681,566.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Francisco Velasco also recently made the following trade(s):

• On Thursday, August 29th, Francisco Velasco sold 670 shares of PriceSmart stock. The shares were sold at an average price of $89.05, for a total value of $59,663.50.
• On Tuesday, July 16th, Francisco Velasco sold 1,298 shares of PriceSmart stock. The stock was sold at an average price of $87.00, for a total transaction of $112,926.00.

PriceSmart Stock Performance

NASDAQ PSMT traded up $0.78 on Friday, reaching $91.89. The stock had a trading volume of 23,655 shares, compared to its average volume of 150,362. The stock has a market cap of $2.82 billion, a P/E ratio of 22.11 and a beta of 0.84. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $93.18. The business’s 50-day moving average price is $87.74 and its 200 day moving average price is $84.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 1.20.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Wednesday, July 10th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. PriceSmart had a net margin of 2.60% and a return on equity of 11.89%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm earned $1.02 EPS. The business’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts expect that PriceSmart, Inc. will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On PriceSmart

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its holdings in shares of PriceSmart by 201.5% in the first quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock valued at $1,711,000 after purchasing an additional 13,614 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in PriceSmart in the first quarter valued at $2,673,000. Capstone Investment Advisors LLC grew its holdings in PriceSmart by 249.0% in the first quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock valued at $1,585,000 after purchasing an additional 13,461 shares during the period. Simplicity Wealth LLC purchased a new stake in PriceSmart during the second quarter worth approximately $1,202,000. Finally, LSV Asset Management boosted its stake in shares of PriceSmart by 938.5% in the first quarter. LSV Asset Management now owns 181,971 shares of the company’s stock valued at $15,286,000 after purchasing an additional 164,449 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

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.