Investors Update: PriceSmart, Inc. (NASDAQ: PSMT)

PriceSmart, Inc. (NASDAQ: PSMT) holds 30.8 million shares outstanding and 24.02 million shares are floated in market. The company revealed recent move of -2.47% to $61.25.  Around 295845 shares traded in most recent trading session compared to an average volume of 172.08K. The stock changed with return -6.79% over last weekly period.

 The monthly performance of stock was observed at 3.64%. PSMT’s shares are moving at -11.31% for the quarter and managed a -29.19% return over the course of the past year and is now at 3.64% since this point in 2018. 

PriceSmart, Inc. (NASDAQ: PSMT) announced the results from the Company’s 2019 annual meeting of stockholders held on January 30, 2019 in San Diego.

At recent annual meeting of stockholders, 10 nominees were elected to the PriceSmart board.  Each director elected will continue to hold office until the next annual meeting of stockholders of PriceSmart, or until the director resigns or a successor is elected or appointed. The following directors were elected yesterday: Sherry S. Bahrambeygui, Gonzalo Barrutieta, Gordon Hanson, Beatriz Infante, Leon Janks, Mitchell Lynn, Gary Malino, Pierre Mignault, Robert Price and Edgar Zurcher.

Stockholders also approved, on an advisory basis, the compensation of the Company’s executive officers for fiscal year 2018 and ratified the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending August 31, 2019.  A final report on voting results will be filed with U.S. Securities and Exchange Commission within four business days following the date of the annual meeting of stockholders.

On January 30, 2019, the Company’s Board of Directors declared a cash dividend in the total amount of $0.70 per share, with $0.35 per share payable on February 28, 2019 to stockholders of record as of close of business on February 15, 2019 and $0.35 per share payable on August 30, 2019 to stockholders of record as of the close of business on August 15, 2019.  The Company anticipates the ongoing payment of semi-annual dividends in subsequent periods, although the actual declaration of future dividends, the amount of such dividends, and the establishment of record and payment dates is subject to final determination by the Board of Directors in its discretion, after its review of the Company’s financial performance and anticipated capital requirements.

 Its quarter to quarter sales remained 1.60% and sales observed at 6.60% over past 5 years. The stock beta value is 1.01. PSMT stock changed at -21.42% distance from its 200-day moving average. On a similar note, the stock marked distance of -2.98% from its 50-day moving average and moved -3.74% away from its 20-day moving average. The average volatility for the week and month was at 3.07% and 3.85% respectively. 

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