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 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 transaction, the insider now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Winmark Stock Down 0.6 %

WINA opened at $419.85 on Wednesday. The business has a fifty day moving average of $383.75 and a 200 day moving average of $371.24. Winmark Co. has a 52-week low of $330.25 and a 52-week high of $451.30. The stock has a market cap of $1.48 billion, a P/E ratio of 38.41 and a beta of 0.80.

Winmark (NASDAQ:WINA) last posted its quarterly earnings data 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a dividend of $8.40 per share. The ex-dividend date is Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a yield of 8.00%. This is a boost from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is presently 32.94%.

Institutional Investors Weigh In On Winmark

Institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC raised 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 in the last quarter. Unique Wealth Strategies LLC bought a new stake in Winmark during the 2nd quarter valued at $36,000. Comerica Bank raised its position in Winmark by 673.1% during the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock valued at $73,000 after purchasing an additional 175 shares in the last quarter. Gladius Capital Management LP raised its position in Winmark by 116.8% during the 2nd 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 in the last quarter. Finally, nVerses Capital LLC bought a new stake in Winmark during the 3rd quarter valued at $77,000. 73.32% of the stock is owned by 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.