John D. Hildebrandt Sells 580 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock

PriceSmart, Inc. (NASDAQ:PSMT) COO John D. Hildebrandt sold 580 shares of PriceSmart stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $92.40, for a total transaction of $53,592.00. Following the transaction, the chief operating officer now directly owns 858 shares in the company, valued at $79,279.20. This represents a 40.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PriceSmart Stock Up 0.4 %

Shares of PSMT opened at $91.93 on Thursday. PriceSmart, Inc. has a 12-month low of $74.74 and a 12-month high of $99.23. The company has a current ratio of 1.26, a quick ratio of 0.43 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.82 billion, a PE ratio of 20.25 and a beta of 0.86. The business’s 50 day moving average is $91.66 and its 200 day moving average is $89.60.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in PriceSmart during the fourth quarter valued at approximately $53,000. MassMutual Private Wealth & Trust FSB boosted 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 last quarter. GAMMA Investing LLC increased its position in PriceSmart by 96.9% in the third quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $76,000 after purchasing an additional 405 shares during the last quarter. nVerses Capital LLC raised its stake in PriceSmart by 66.7% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $92,000 after purchasing an additional 400 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in PriceSmart by 423.1% during the third quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $96,000 after purchasing an additional 842 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of PriceSmart from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

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.