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 Winmark stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $424.21, for a total value of $1,552,184.39. Following the sale, the insider now owns 146,335 shares in the company, valued at $62,076,770.35. This represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Winmark Trading Down 1.8 %

Shares of Winmark stock 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 market capitalization of $1.45 billion, a P/E ratio of 37.73 and a beta of 0.80. The business has a fifty day simple moving average of $385.48 and a two-hundred day simple moving average of $371.86.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Winmark had a net margin of 49.02% and a negative return on equity of 85.43%. The business had revenue of $21.51 million for the quarter.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $8.40 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $33.60 annualized dividend and a dividend yield of 8.15%. This is an increase from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio is presently 32.94%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its holdings in shares of Winmark by 0.3% during the second quarter. Commonwealth Equity Services LLC now owns 14,186 shares of the specialty retailer’s stock valued at $5,003,000 after acquiring an additional 41 shares in the last quarter. CWM LLC grew its position in Winmark by 197.1% during the 2nd 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 last quarter. Cavalier Investments LLC increased its stake in Winmark by 4.2% during the 3rd quarter. Cavalier Investments LLC now owns 1,694 shares of the specialty retailer’s stock valued at $649,000 after purchasing an additional 69 shares in the last quarter. Unique Wealth Strategies LLC purchased a new position in Winmark in the second quarter worth about $36,000. Finally, Price T Rowe Associates Inc. MD lifted 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 in the last quarter. Institutional investors 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.