Jeffrey Fisher Sells 5,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) Director Jeffrey Fisher sold 5,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $93.00, for a total transaction of $465,000.00. Following the completion of the sale, the director now owns 18,611 shares of the company’s stock, valued at $1,730,823. The trade was a 21.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, February 10th, Jeffrey Fisher sold 1,700 shares of PriceSmart stock. The stock was sold at an average price of $95.00, for a total value of $161,500.00.

PriceSmart Stock Performance

Shares of PSMT opened at $93.55 on Thursday. The firm has a market capitalization of $2.87 billion, a P/E ratio of 20.61 and a beta of 0.85. PriceSmart, Inc. has a 52 week low of $77.51 and a 52 week high of $99.23. The stock has a 50 day moving average price of $92.15 and a two-hundred day moving average price of $89.95. 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 (NASDAQ:PSMT) last released its quarterly earnings results on Wednesday, January 8th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.22). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. PriceSmart had a net margin of 2.76% and a return on equity of 12.29%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. Equities analysts forecast that PriceSmart, Inc. will post 5.28 earnings per share for the current fiscal year.

PriceSmart Announces Dividend

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

Institutional Trading of PriceSmart

A number of institutional investors and hedge funds have recently modified their holdings of PSMT. The Manufacturers Life Insurance Company increased its position in shares of PriceSmart by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,600 shares of the company’s stock valued at $1,104,000 after purchasing an additional 365 shares during the last quarter. SG Americas Securities LLC purchased a new stake in PriceSmart during the third quarter worth about $124,000. Handelsbanken Fonder AB raised its position in PriceSmart by 11.7% in the third quarter. Handelsbanken Fonder AB now owns 6,658 shares of the company’s stock worth $611,000 after acquiring an additional 700 shares during the period. GAMMA Investing LLC boosted its stake in PriceSmart by 96.9% in the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $76,000 after acquiring an additional 405 shares during the last quarter. Finally, CWM LLC grew its position in shares of PriceSmart by 30.4% during the 3rd quarter. CWM LLC now owns 1,632 shares of the company’s stock valued at $150,000 after acquiring an additional 380 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.