Winmark (NASDAQ:WINA) Trading 4.3% Higher Following Dividend Announcement

Winmark Co. (NASDAQ:WINA)’s stock price traded up 4.3% on Wednesday after the company announced a dividend. The stock traded as high as $368.00 and last traded at $368.00. 24,291 shares were traded during trading, a decline of 13% from the average session volume of 27,915 shares. The stock had previously closed at $352.67.

The newly announced dividend which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.90 dividend. This is an increase from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, May 14th. Winmark’s payout ratio is currently 29.22%.

Winmark Trading Up 4.8 %

The business’s 50 day moving average is $362.20 and its 200 day moving average is $390.25. The stock has a market capitalization of $1.34 billion, a PE ratio of 35.04 and a beta of 0.85.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 EPS for the quarter. The firm had revenue of $20.11 million during the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 87.50%.

Institutional Investors Weigh In On Winmark

Hedge funds have recently modified their holdings of the business. Algert Global LLC increased its stake in Winmark by 0.7% during the 3rd quarter. Algert Global LLC now owns 3,358 shares of the specialty retailer’s stock valued at $1,253,000 after purchasing an additional 24 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Winmark by 2.1% in the second quarter. MetLife Investment Management LLC now owns 1,543 shares of the specialty retailer’s stock worth $513,000 after acquiring an additional 32 shares during the period. Huntington National Bank boosted its holdings in Winmark by 24.1% during the third quarter. Huntington National Bank now owns 170 shares of the specialty retailer’s stock worth $63,000 after buying an additional 33 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Winmark by 2.4% during the second quarter. Quadrature Capital Ltd now owns 1,437 shares of the specialty retailer’s stock worth $477,000 after buying an additional 34 shares in the last quarter. Finally, Cavalier Investments LLC boosted its holdings in Winmark by 2.4% during the third quarter. Cavalier Investments LLC now owns 1,514 shares of the specialty retailer’s stock worth $565,000 after buying an additional 35 shares in 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.