Robert E. Price Sells 5,927 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Robert E. Price sold 5,927 shares of the stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $90.37, for a total transaction of $535,622.99. Following the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $7,229.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ:PSMT opened at $92.08 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.29 and a quick ratio of 0.61. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 31.97 and a beta of 0.82. PriceSmart, Inc. has a twelve month low of $54.02 and a twelve month high of $104.90. The stock’s 50-day simple moving average is $88.78.

PriceSmart (NASDAQ:PSMT) last issued its earnings results on Thursday, April 8th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.14). The business had revenue of $937.60 million for the quarter, compared to the consensus estimate of $938.35 million. PriceSmart had a return on equity of 10.46% and a net margin of 2.59%. PriceSmart’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 EPS.

Large investors have recently modified their holdings of the business. Perigon Wealth Management LLC bought a new position in PriceSmart during the fourth quarter worth about $25,000. Meeder Asset Management Inc. boosted its position in PriceSmart by 1,815.0% during the first quarter. Meeder Asset Management Inc. now owns 383 shares of the company’s stock worth $36,000 after purchasing an additional 363 shares during the period. Vantage Consulting Group Inc bought a new position in PriceSmart during the fourth quarter worth about $52,000. R.H. Dinel Investment Counsel Inc. purchased a new stake in shares of PriceSmart in the first quarter worth about $63,000. Finally, Veriti Management LLC purchased a new stake in shares of PriceSmart in the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.

About PriceSmart

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sell brand name and private label consumer products and provide services, such as optical and tires to individuals and businesses. As of February 03, 2021, the company operated 47 warehouse clubs in 12 countries and one U.S.

Further Reading: How are capital gains distributions different for tax-deferred account?

Insider Buying and Selling by Quarter for PriceSmart (NASDAQ:PSMT)

Receive News & Ratings for PriceSmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PriceSmart and related companies with MarketBeat.com's FREE daily email newsletter.