Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Winmark Co. (NASDAQ:WINA) saw strong trading volume on Thursday . 15,884 shares traded hands during mid-day 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 Stock Down 0.1 %

The firm has a market capitalization of $1.35 billion, a P/E ratio of 35.10 and a beta of 0.82. The business’s 50 day moving average is $396.20 and its 200-day moving average is $384.20.

Winmark Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.94%. Winmark’s dividend payout ratio (DPR) is currently 32.94%.

Insider Buying and Selling

In related news, major shareholder Ronald G. Olson sold 2,741 shares of the business’s stock in a transaction on 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 sale, the insider now owns 149,994 shares of the company’s stock, valued at $61,152,553.80. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of Winmark

Institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Winmark in the third quarter worth approximately $77,000. CWM LLC lifted its holdings in shares of Winmark by 110.9% in the 3rd quarter. CWM LLC now owns 213 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 112 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Winmark by 145.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 141 shares during the period. Intech Investment Management LLC bought a new stake in Winmark during the 3rd quarter valued at $271,000. Finally, Centaurus Financial Inc. raised its holdings in Winmark by 108.4% during the third quarter. Centaurus Financial Inc. now owns 721 shares of the specialty retailer’s stock worth $276,000 after buying an additional 375 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.