Pricemart executive sells more than $430,000 in company stock Author:

Sherry S. Bahrambeygui, director of Pricesmart Inc (NASDAQ: ), recently sold a large amount of company stock, according to the latest SEC filing. The transaction, which took place on April 29, involved the sale of 5,201 shares at a weighted average price of $82.826 per share, totaling approximately $430,778.

The shares were sold in multiple transactions at prices ranging from $82.800 to $82.860 per share. Following the sale, Bahrambeygui still holds significant direct and indirect stakes. She directly owns 93,307 shares of Pricemart stock. In addition, the Hosey Family Trust, of which Bahrambeygui serves as co-trustee, holds 43,728 shares. She also has an indirect interest in 1,000 shares of stock held in a joint account with her son.

Notably, Bahrambeygui denies beneficial ownership of the indirectly held shares unless she has a pecuniary interest in them, as indicated in a footnote to the SEC filing.

Headquartered in San Diego, California, Pricemart Inc operates membership warehouse clubs throughout the United States, Central America and the Caribbean. The company's shares trade on the Nasdaq exchange under the symbol PSMT.

Investors often monitor the buying and selling activity of company insiders, as it can provide insight into their views on a company's current valuation and future prospects. However, such transactions may also be part of a personal financial management strategy and may not necessarily represent a company's performance.

The SEC filing does not include any derivative securities transactions by Bahrambeygui. The reported sale is a significant deal for the executive and provides the latest insight into activity within Pricemart Inc.

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Investment Professional Insights

Amid the recent insider selling activity in Pricemart Inc (NASDAQ: PSMT ), investors may find it useful to consider key financial metrics and trends that could be affecting the company's stock value. Pricesmart has a market capitalization of $2.44 billion in the last 12 months to Q2 2024, with a P/E ratio showing investors paid $20.43 for each dollar of earnings, with the P/E ratio adjusted slightly downward to 18.75 for the same period .

The company's revenue grew laudably nearly 10% during this period, signaling a positive trajectory for its business operations. Additionally, Pricesmart's ability to consistently increase its dividend over the past three years, coupled with dividend growth of 26.09% in the trailing 12 months to Q2 2024, reflects a strong commitment to returning value to shareholders. Notably, the company has maintained its dividend payments for an impressive 18 consecutive years.

InvestingPro Tips highlights that Pricesmart holds more cash than debt on its balance sheet and its cash flow is sufficient to cover interest payments, demonstrating financial stability and prudence. In addition, company management has been actively involved in stock buybacks, a move that often shows confidence in the company's future and a shareholder-friendly attitude. With analysts forecasting profitability this year and a massive 28.37% price increase over the past six months, Pricemart appears to be on solid footing.

For those looking for a more comprehensive analysis, InvestingPro provides additional insights and tips on Pricemart.Use exclusive coupon code PRONEWS24, readers can enjoy an additional 10% discount on annual or bi-annual Pro and Pro+ subscriptions to gain access to these valuable resources. Pricesmart currently offers 11 additional InvestingPro Tips, allowing investors to gain a deeper understanding of the company's financial health and market position.

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