In a recent transaction, Sherry S. Bahrambeygui, a director of Pricesmart Inc (NASDAQ:), sold a number of shares in the company. The transaction, which took place on May 1, 2024, involved the sale of 1,569 shares at prices ranging from $82.90 to $83.15 per share, resulting in a total value of $130,270.
The sale was reported in a Form 4 filing with the Securities and Exchange Commission. According to the document, after the sale, Bahrambeygui still holds a substantial number of shares directly, with 92,538 shares remaining in her possession. Additionally, the filing included footnotes indicating indirect ownership through the Hosey Family Trust and a joint account with her son, for which Bahrambeygui disclaims beneficial ownership except to the extent of her pecuniary interest.
The reported indirect holdings amount to 43,728 shares owned by the Hosey Family Trust and 1,000 shares held in the joint account with her son. These disclosures provide a clearer picture of Bahrambeygui’s overall stake in Pricesmart and her family’s involvement.
Investors often keep a close eye on insider transactions as they can provide insights into the company’s health and the confidence that executives and directors have in the business’s future. The sale by Bahrambeygui represents a notable move by a key insider, but it is essential to consider the broader context of her remaining holdings and the indirect interests disclosed in the filing.
InvestingPro Insights
As investors analyze the recent insider transaction at Pricesmart Inc (NASDAQ:PSMT), it’s crucial to look at the company’s financial health and market performance for a more comprehensive understanding. Pricesmart has been showing positive signs, as evidenced by real-time data and InvestingPro Tips.
remove ads
.
From a financial standpoint, Pricesmart holds a market capitalization of $2.49 billion, indicating a stable presence in the market. The company’s Price to Earnings (P/E) ratio stands at 20.79, with a slight adjustment in the last twelve months as of Q2 2024 to 19.08. This reflects a balance between the company’s share price and its earnings, which can be a useful indicator for potential investors.
InvestingPro Tips highlight that Pricesmart has been actively managing its share structure, with management aggressively buying back shares. This could be a signal of confidence from the leadership in the company’s value. Additionally, the company has raised its dividend for three consecutive years, demonstrating a commitment to returning value to shareholders. For investors looking for stable income, Pricesmart has maintained dividend payments for 18 consecutive years, which is a testament to its financial resilience.
The company’s revenue growth also paints a positive picture, with a 9.98% increase in the last twelve months as of Q2 2024. For those interested in exploring further InvestingPro Tips and metrics, Pricesmart’s profile on Investing.com offers additional insights. For example, there are 10 more InvestingPro Tips available that could provide deeper analysis and help investors make more informed decisions.
For investors considering Pricesmart as a potential addition to their portfolio, using the coupon code PRONEWS24 can provide an additional 10% off a yearly or biyearly Pro and Pro+ subscription on InvestingPro, where they can access a wealth of financial data and expert analysis to guide their investment strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
remove ads
.
