Philanthropies Foundatio Price Sells 20,000 Shares of PriceSmart, Inc. (NASDAQ:PSMT) Stock


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PriceSmart, Inc. (NASDAQ:PSMT) major shareholder Philanthropies Foundatio Price sold 20,000 shares of PriceSmart stock in a transaction that occurred on Tuesday, April 13th. The stock was sold at an average price of $89.24, for a total transaction of $1,784,800.00. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, March 31st, Philanthropies Foundatio Price sold 1,243 shares of PriceSmart stock. The stock was sold at an average price of $96.99, for a total transaction of $120,558.57.
  • On Monday, March 29th, Philanthropies Foundatio Price sold 10,000 shares of PriceSmart stock. The stock was sold at an average price of $96.30, for a total transaction of $963,000.00.
  • On Tuesday, March 16th, Philanthropies Foundatio Price sold 20,000 shares of PriceSmart stock. The stock was sold at an average price of $97.71, for a total transaction of $1,954,200.00.
  • On Tuesday, March 2nd, Philanthropies Foundatio Price sold 20,000 shares of PriceSmart stock. The stock was sold at an average price of $96.88, for a total transaction of $1,937,600.00.
  • On Wednesday, February 17th, Philanthropies Foundatio Price sold 20,000 shares of PriceSmart stock. The stock was sold at an average price of $100.23, for a total transaction of $2,004,600.00.
  • On Wednesday, January 20th, Philanthropies Foundatio Price sold 20,000 shares of PriceSmart stock. The stock was sold at an average price of $97.09, for a total transaction of $1,941,800.00.

PriceSmart stock opened at $89.77 on Friday. The company’s fifty day simple moving average is $95.53 and its 200-day simple moving average is $87.88. The company has a quick ratio of 0.60, a current ratio of 1.27 and a debt-to-equity ratio of 0.12. PriceSmart, Inc. has a 12 month low of $48.00 and a 12 month high of $104.90. The stock has a market cap of $2.76 billion, a P/E ratio of 31.95 and a beta of 0.93.

PriceSmart (NASDAQ:PSMT) last posted its quarterly earnings results on Thursday, April 8th. The company reported $0.92 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.14). PriceSmart had a net margin of 2.54% and a return on equity of 10.32%. The company had revenue of $937.60 million for the quarter, compared to analysts’ expectations of $938.35 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis.

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, August 31st. Stockholders of record on Sunday, August 15th will be issued a dividend of $0.35 per share. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 12th.

Large investors have recently modified their holdings of the stock. CIBC Asset Management Inc bought a new stake in PriceSmart in the fourth quarter worth $217,000. Wells Fargo & Company MN boosted its holdings in PriceSmart by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 489,049 shares of the company’s stock worth $44,547,000 after purchasing an additional 7,564 shares in the last quarter. SG Americas Securities LLC boosted its holdings in PriceSmart by 261.7% in the fourth quarter. SG Americas Securities LLC now owns 51,819 shares of the company’s stock worth $4,720,000 after purchasing an additional 37,494 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in PriceSmart by 9.5% in the fourth quarter. Bank of New York Mellon Corp now owns 306,737 shares of the company’s stock worth $27,940,000 after purchasing an additional 26,564 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in PriceSmart by 10.0% in the fourth quarter. Rhumbline Advisers now owns 77,198 shares of the company’s stock worth $7,032,000 after purchasing an additional 7,020 shares in the last quarter. Hedge funds and other institutional investors own 75.32% of the company’s stock.

PriceSmart Company Profile

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.

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

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