Winmark (NASDAQ:WINA) Sees Large Volume Increase – Here’s What Happened

Winmark Co. (NASDAQ:WINA) saw unusually-high trading volume on Wednesday . Approximately 17,002 shares were traded during trading, an increase of 14% from the previous session’s volume of 14,940 shares.The stock last traded at $386.39 and had previously closed at $385.96.

Winmark Trading Down 0.5 %

The company has a 50-day simple moving average of $401.98 and a 200 day simple moving average of $381.72. The company has a market cap of $1.35 billion, a P/E ratio of 35.14 and a beta of 0.83.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The company had revenue of $21.51 million during the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 13th were issued a $8.40 dividend. This is a positive change from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date was Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a dividend yield of 8.75%. Winmark’s payout ratio is presently 32.94%.

Insiders Place Their Bets

In other news, COO Renae M. Gaudette sold 1,500 shares of Winmark stock in a transaction on Friday, October 25th. The stock was sold at an average price of $380.11, for a total value of $570,165.00. Following the transaction, the chief operating officer now directly owns 15,060 shares in the company, valued at approximately $5,724,456.60. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ronald G. Olson sold 2,741 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $407.70, for a total value of $1,117,505.70. Following the sale, the insider now owns 149,994 shares of the company’s stock, valued at $61,152,553.80. This trade represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,300 shares of company stock worth $4,158,071 in the last ninety days. 10.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Winmark

A number of large investors have recently added to or reduced their stakes in the company. AltraVue Capital LLC grew its position in shares of Winmark by 95.2% in the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock worth $51,454,000 after buying an additional 71,145 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new position in Winmark in the third quarter worth $9,168,000. CWA Asset Management Group LLC acquired a new position in shares of Winmark during the third quarter worth $5,102,000. William Blair Investment Management LLC lifted its holdings in shares of Winmark by 9.0% during the 2nd quarter. William Blair Investment Management LLC now owns 71,426 shares of the specialty retailer’s stock valued at $25,187,000 after purchasing an additional 5,892 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Winmark by 117.7% during the 3rd quarter. Barclays PLC now owns 6,073 shares of the specialty retailer’s stock valued at $2,325,000 after purchasing an additional 3,284 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato’s Closet brand; and operates stores which buys and sells used and new children’s clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.