Pricesmart Inc (NASDAQ:) director Sherry S. Bahrambeygui has recently sold a significant number of shares in the company, according to the latest SEC filings. Over a three-day period, Bahrambeygui disposed of shares in multiple transactions, totaling over $947,776 in value.
The sales occurred on May 13, 14, and 15, with prices for the shares ranging from $85.708 to $86.081. On the first day, 522 shares were sold at an average price of $85.708, with subsequent sales of 5,500 shares at an average price of $85.933, and 5,000 shares at an average price of $86.081 on the following days.
Following these transactions, Bahrambeygui still holds a substantial amount of Pricesmart stock. The SEC filing indicates that post-sales, the director owns 70,716 shares directly. Additionally, indirect ownership through family trusts includes 43,728 shares held by the Hosey Family Trust and 1,000 shares jointly held with Bahrambeygui’s son.
Investors often look to insider buying and selling as a signal of a company’s future prospects, making these filings a point of interest. For Pricesmart, this series of sales by a key insider will likely be noted by the market as shareholders and analysts assess its potential impact.
InvestingPro Insights
As Pricesmart Inc (NASDAQ:PSMT) navigates the market, recent insider selling by director Sherry S. Bahrambeygui has caught the attention of investors. To gain further clarity on the company’s financial health and performance outlook, InvestingPro data and tips offer valuable insights.
With a market capitalization of $2.61 billion and a P/E ratio of 21.71, Pricesmart is positioned as a significant player in the retail sector. The company’s revenue growth over the last twelve months as of Q2 2024 stands at 9.98%, showcasing a robust expansion in its business operations. Additionally, Pricesmart has a dividend yield of 1.35%, with a notable dividend growth of 26.09% during the same period, indicating a commitment to returning value to shareholders.
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InvestingPro Tips suggest that Pricesmart’s management has been proactive in enhancing shareholder value through aggressive share buybacks. The company also boasts a strong balance sheet, holding more cash than debt, and has been able to maintain dividend payments for 18 consecutive years. This financial prudence is further underscored by the fact that Pricesmart’s cash flows can sufficiently cover interest payments, and its liquid assets exceed short-term obligations.
For investors seeking additional insights, there are over 10 InvestingPro Tips available for Pricesmart, which can be accessed through the InvestingPro platform. These tips delve deeper into the company’s financial metrics and market performance, offering a comprehensive analysis for informed investment decisions. To explore these insights, investors can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
While the recent insider selling may prompt discussions among market participants, the broader financial picture provided by InvestingPro data and tips can help investors understand the underlying strengths of Pricesmart’s business model and future prospects.
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