Winmark Co. (NASDAQ:WINA) Major Shareholder Sells $1,552,184.39 in Stock

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 3,659 shares of the business’s stock in a transaction on 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 transaction, the insider now directly owns 146,335 shares of the company’s stock, valued at approximately $62,076,770.35. The trade was a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Winmark Trading Down 0.6 %

WINA opened at $419.85 on Wednesday. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $451.30. The stock has a fifty day moving average price of $383.75 and a 200-day moving average price of $371.24. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 38.41 and a beta of 0.80.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share 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 company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a dividend of $8.40 per share. This represents a $33.60 annualized dividend and a yield of 8.00%. The ex-dividend date is Wednesday, November 13th. This is an increase from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is presently 32.94%.

Institutional Trading of Winmark

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in shares of Winmark by 0.3% in the second quarter. Commonwealth Equity Services LLC now owns 14,186 shares of the specialty retailer’s stock worth $5,003,000 after buying an additional 41 shares during the last quarter. CWM LLC boosted its stake in shares of Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after buying an additional 67 shares during the last quarter. Cavalier Investments LLC boosted its stake in shares of Winmark by 4.2% in the third quarter. Cavalier Investments LLC now owns 1,694 shares of the specialty retailer’s stock worth $649,000 after buying an additional 69 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in shares of Winmark in the second quarter worth about $36,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Winmark by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 816 shares of the specialty retailer’s stock worth $296,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors 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.