Winmark (NASDAQ:WINA) Sees Strong Trading Volume – Time to Buy?

Shares of Winmark Co. (NASDAQ:WINA) saw an uptick in trading volume on Thursday . 20,347 shares traded hands during trading, an increase of 14% from the previous session’s volume of 17,915 shares.The stock last traded at $379.62 and had previously closed at $387.48.

Winmark Stock Performance

The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 34.80 and a beta of 0.82. The stock’s fifty day moving average is $393.15 and its two-hundred day moving average is $383.56.

Winmark Cuts Dividend

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

Insider Activity at Winmark

In other news, major shareholder Ronald G. Olson sold 2,741 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 149,994 shares in the company, valued at $61,152,553.80. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Winmark

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of Winmark by 3.9% during the 4th quarter. Bessemer Group Inc. now owns 52,990 shares of the specialty retailer’s stock valued at $20,828,000 after purchasing an additional 2,005 shares during the period. Envestnet Asset Management Inc. grew its holdings in Winmark by 6.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,991 shares of the specialty retailer’s stock worth $7,072,000 after acquiring an additional 1,147 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Winmark in the fourth quarter worth about $220,000. Wells Fargo & Company MN lifted its holdings in Winmark by 4.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,080 shares of the specialty retailer’s stock valued at $2,783,000 after acquiring an additional 307 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Winmark during the 4th quarter valued at about $272,000. 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.