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

Shares of Winmark Co. (NASDAQ:WINA) saw strong trading volume on Thursday . 15,884 shares were traded during trading, a decline of 13% from the previous session’s volume of 18,352 shares.The stock last traded at $384.26 and had previously closed at $380.72.

Winmark Trading Down 1.4 %

The firm’s 50-day moving average price is $394.91 and its 200 day moving average price is $383.98. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 34.52 and a beta of 0.82.

Winmark Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 12th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Wednesday, February 12th. Winmark’s payout ratio is 32.94%.

Insider Activity

In related news, major shareholder Ronald G. Olson sold 3,659 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $424.21, for a total value of $1,552,184.39. Following the completion of the sale, the insider now directly owns 146,335 shares of the company’s stock, valued at $62,076,770.35. The trade was a 2.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Winmark

A number of hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Winmark by 1.9% in the 3rd quarter. State Street Corp now owns 81,185 shares of the specialty retailer’s stock worth $31,088,000 after purchasing an additional 1,535 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Winmark by 2.1% in the third quarter. Geode Capital Management LLC now owns 71,185 shares of the specialty retailer’s stock valued at $27,264,000 after buying an additional 1,445 shares in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Winmark by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 65,224 shares of the specialty retailer’s stock valued at $25,638,000 after buying an additional 1,594 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Winmark during the fourth quarter worth about $12,071,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Winmark by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,246 shares of the specialty retailer’s stock worth $9,530,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Winmark Company Profile

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.