Winmark Co. (NASDAQ:WINA) Major Shareholder Ronald G. Olson Sells 3,659 Shares

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 3,659 shares of the business’s stock in a transaction dated 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. This trade represents a 2.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Winmark Stock Down 1.8 %

Shares of WINA stock opened at $412.36 on Thursday. The company has a 50 day moving average price of $384.70 and a 200-day moving average price of $371.57. Winmark Co. has a 52 week low of $330.25 and a 52 week high of $451.30. The firm has a market capitalization of $1.45 billion, a PE ratio of 37.73 and a beta of 0.80.

Winmark (NASDAQ:WINA) last posted its 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 company had revenue of $21.51 million during the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Winmark Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its position in shares of Winmark by 0.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 14,186 shares of the specialty retailer’s stock valued at $5,003,000 after purchasing an additional 41 shares during the last quarter. CWM LLC increased its holdings in Winmark by 197.1% during the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 67 shares during the last quarter. Cavalier Investments LLC raised its position in 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 acquiring an additional 69 shares during the period. Unique Wealth Strategies LLC bought a new position in Winmark in the second quarter worth approximately $36,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Winmark by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 816 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 103 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

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.