Insider Selling: PriceSmart, Inc. (NASDAQ:PSMT) EVP Sells 827 Shares of Stock

PriceSmart, Inc. (NASDAQ:PSMT) EVP Francisco Velasco sold 827 shares of PriceSmart stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $91.03, for a total transaction of $75,281.81. Following the transaction, the executive vice president now owns 84,385 shares in the company, valued at approximately $7,681,566.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Francisco Velasco also recently made the following trade(s):

• On Thursday, August 29th, Francisco Velasco sold 670 shares of PriceSmart stock. The stock was sold at an average price of $89.05, for a total value of $59,663.50.
• On Tuesday, July 16th, Francisco Velasco sold 1,298 shares of PriceSmart stock. The shares were sold at an average price of $87.00, for a total value of $112,926.00.

PriceSmart Stock Up 0.1 %

PSMT stock opened at $91.16 on Monday. The company has a 50 day moving average of $87.84 and a two-hundred day moving average of $84.70. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 22.13 and a beta of 0.84. PriceSmart, Inc. has a 12-month low of $61.82 and a 12-month high of $93.18. The company has a quick ratio of 0.49, a current ratio of 1.20 and a debt-to-equity ratio of 0.09.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded PriceSmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

Institutional Trading of PriceSmart

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of PriceSmart by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 3,319,255 shares of the company’s stock worth $251,533,000 after purchasing an additional 141,920 shares in the last quarter. Norden Group LLC bought a new position in PriceSmart during the first quarter valued at approximately $2,420,000. Principal Financial Group Inc. lifted its stake in PriceSmart by 0.9% in the first quarter. Principal Financial Group Inc. now owns 135,328 shares of the company’s stock valued at $11,368,000 after acquiring an additional 1,181 shares during the last quarter. Capstone Investment Advisors LLC grew its position in PriceSmart by 249.0% in the first quarter. Capstone Investment Advisors LLC now owns 18,868 shares of the company’s stock worth $1,585,000 after acquiring an additional 13,461 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of PriceSmart by 201.5% during the 1st quarter. GSA Capital Partners LLP now owns 20,369 shares of the company’s stock worth $1,711,000 after purchasing an additional 13,614 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

PriceSmart Company Profile

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.