Insider Selling: Winmark Co. (NASDAQ:WINA) Major Shareholder Sells 2,741 Shares of Stock

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 2,741 shares of Winmark stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $407.70, for a total value of $1,117,505.70. Following the completion of the transaction, the insider now owns 149,994 shares of the company’s stock, valued at approximately $61,152,553.80. This represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Winmark Stock Performance

Shares of Winmark stock traded down $2.46 on Tuesday, hitting $419.85. The company’s stock had a trading volume of 13,384 shares, compared to its average volume of 26,391. Winmark Co. has a 1 year low of $330.25 and a 1 year high of $451.30. The firm has a fifty day moving average price of $383.75 and a 200-day moving average price of $371.24. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 38.19 and a beta of 0.80.

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

Winmark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be issued a dividend of $8.40 per share. This is a boost from Winmark’s previous quarterly dividend of $0.90. This represents a $33.60 annualized dividend and a dividend yield of 8.00%. The ex-dividend date of this dividend is Wednesday, November 13th. Winmark’s payout ratio is currently 32.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WINA. CWM LLC boosted its holdings in shares of Winmark by 197.1% during the 2nd quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Unique Wealth Strategies LLC acquired a new position in Winmark in the second quarter valued at approximately $36,000. Comerica Bank lifted its holdings in Winmark by 673.1% in the first quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock valued at $73,000 after acquiring an additional 175 shares during the last quarter. Gladius Capital Management LP lifted its holdings in Winmark by 116.8% in the second quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock valued at $73,000 after acquiring an additional 111 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in Winmark in the third quarter valued at approximately $77,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

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.