PriceSmart, Inc. (NASDAQ:PSMT) Major Shareholder Philanthropies Foundatio Price Sells 10,000 Shares

PriceSmart, Inc. (NASDAQ:PSMT) major shareholder Philanthropies Foundatio Price sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $58.64, for a total value of $586,400.00. Following the transaction, the insider now directly owns 4,329,355 shares in the company, valued at $253,873,377.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Philanthropies Foundatio Price also recently made the following trade(s):

  • On Thursday, August 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $59.48, for a total value of $594,800.00.
  • On Monday, July 15th, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $60.78, for a total value of $607,800.00.
  • On Monday, July 1st, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The shares were sold at an average price of $51.04, for a total value of $510,400.00.

Shares of PSMT traded down $0.47 during trading hours on Friday, reaching $60.12. 1,327 shares of the company’s stock traded hands, compared to its average volume of 93,863. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 24.72 and a beta of 0.98. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.28 and a quick ratio of 0.45. PriceSmart, Inc. has a twelve month low of $48.06 and a twelve month high of $88.65. The business’s fifty day simple moving average is $59.52 and its two-hundred day simple moving average is $58.03.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings results on Wednesday, July 10th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.13. The company had revenue of $788.56 million for the quarter, compared to analyst estimates of $792.96 million. PriceSmart had a return on equity of 11.19% and a net margin of 2.23%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share.

A number of research analysts have recently commented on the company. BidaskClub raised PriceSmart from a “sell” rating to a “hold” rating in a report on Saturday, August 24th. ValuEngine raised PriceSmart from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Scotiabank raised PriceSmart from a “sector perform” rating to a “sector outperform” rating and set a $61.70 price target on the stock in a report on Wednesday, July 17th.

Several institutional investors and hedge funds have recently modified their holdings of PSMT. Private Capital Group LLC grew its holdings in PriceSmart by 142.5% during the second quarter. Private Capital Group LLC now owns 308 shares of the company’s stock worth $28,000 after acquiring an additional 181 shares during the period. Point72 Asset Management L.P. bought a new position in shares of PriceSmart during the second quarter worth approximately $26,000. Quadrant Capital Group LLC bought a new position in shares of PriceSmart during the first quarter worth approximately $58,000. Quantamental Technologies LLC increased its stake in shares of PriceSmart by 39,000.0% during the second quarter. Quantamental Technologies LLC now owns 1,173 shares of the company’s stock worth $60,000 after purchasing an additional 1,170 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of PriceSmart by 112.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,282 shares of the company’s stock worth $66,000 after purchasing an additional 679 shares during the period. 73.32% of the stock is currently owned by institutional investors.

About PriceSmart

PriceSmart, Inc owns and operates U.S. style membership shopping warehouse clubs in Central America, the Caribbean, and Colombia. Its warehouse clubs sells brand name and private label consumer goods to individuals and businesses. As of November 30, 2018, the company operated 41 warehouse clubs comprising 7 each in Colombia and Costa Rica; 5 in Panama; 4 each in Trinidad and Dominican Republic; 3 each in Guatemala and Honduras; 2 each in El Salvador and Nicaragua; and 1 each in Aruba, Barbados, Jamaica, and the United States Virgin Islands.

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