Winmark Co. (NASDAQ:WINA) Major Shareholder Ronald G. Olson Sells 2,741 Shares

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 2,741 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $407.70, for a total transaction of $1,117,505.70. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Winmark Trading Down 1.8 %

Shares of WINA opened at $412.36 on Friday. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $451.30. The firm has a fifty day simple moving average of $385.48 and a 200 day simple moving average of $371.86. 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 quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The firm had revenue of $21.51 million during the quarter. Winmark had a net margin of 49.02% and a negative return on equity of 85.43%.

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 $8.40 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a yield of 8.15%. This is a boost from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio (DPR) is currently 32.94%.

Institutional Trading of Winmark

Large investors have recently added to or reduced their stakes in the company. Unique Wealth Strategies LLC acquired a new stake in Winmark in the second quarter valued at $36,000. CWM LLC raised its position in shares of Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 67 shares during the period. nVerses Capital LLC bought a new position in shares of Winmark in the third quarter valued at about $77,000. Comerica Bank raised its position in shares of 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 purchasing an additional 175 shares during the period. Finally, Gladius Capital Management LP raised its position in shares of 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 purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.

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.