Winmark Co. (NASDAQ:WINA) Major Shareholder Sells $1,117,505.70 in Stock

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 2,741 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 149,994 shares of the company’s stock, valued at $61,152,553.80. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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

NASDAQ WINA opened at $412.36 on Thursday. Winmark Co. has a 52 week low of $330.25 and a 52 week high of $451.30. The stock’s 50 day moving average price is $384.70 and its two-hundred day moving average price is $371.57. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 37.73 and a beta of 0.80.

Winmark (NASDAQ:WINA) last announced its 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). Winmark had a negative return on equity of 85.43% and a net margin of 49.02%. The business 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. Investors of record on Wednesday, November 13th will be given a $8.40 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a dividend yield of 8.15%. This is an increase from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is currently 32.94%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Unique Wealth Strategies LLC bought a new stake in shares of Winmark during the 2nd quarter worth approximately $36,000. CWM LLC raised its position in Winmark by 197.1% during the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 67 shares in the last quarter. nVerses Capital LLC acquired a new stake in Winmark in the third quarter valued at $77,000. Comerica Bank grew its position in shares of Winmark by 673.1% in the 1st 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 period. Finally, Gladius Capital Management LP increased its stake in shares of Winmark by 116.8% during the 2nd quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock worth $73,000 after purchasing an additional 111 shares during the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

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.