Winmark (NASDAQ:WINA) Sees Strong Trading Volume - Here's Why

Winmark Co. (NASDAQ:WINA - Get Free Report) shares saw an uptick in trading volume on Wednesday . 17,002 shares traded hands during trading, an increase of 14% from the previous session's volume of 14,940 shares.The stock last traded at $386.39 and had previously closed at $385.96.

Winmark Trading Up 0.0 %

The stock has a market cap of $1.36 billion, a P/E ratio of 35.32 and a beta of 0.83. The stock has a 50 day simple moving average of $402.01 and a 200 day simple moving average of $381.75.

Winmark (NASDAQ:WINA - Get Free Report) last issued 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). Winmark had a negative return on equity of 85.43% and a net margin of 49.02%. The company had revenue of $21.51 million during the quarter.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were issued a dividend of $8.40 per share. This represents a $33.60 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio is 32.94%.

Insider Buying and Selling

In other Winmark news, major shareholder Ronald G. Olson sold 2,741 shares of Winmark stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $407.70, for a total value of $1,117,505.70. Following the transaction, the insider now owns 149,994 shares in the company, valued at $61,152,553.80. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Anthony D. Ishaug sold 2,400 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $382.59, for a total value of $918,216.00. Following the transaction, the chief financial officer now directly owns 53,875 shares of the company's stock, valued at approximately $20,612,036.25. The trade was a 4.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,300 shares of company stock worth $4,158,071. Corporate insiders own 10.60% of the company's stock.

Institutional Trading of Winmark

A number of hedge funds have recently added to or reduced their stakes in the stock. AltraVue Capital LLC boosted its holdings in shares of Winmark by 95.2% during the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer's stock valued at $51,454,000 after acquiring an additional 71,145 shares in the last quarter. State Street Corp boosted its stake in shares of Winmark by 1.9% during the third quarter. State Street Corp now owns 81,185 shares of the specialty retailer's stock valued at $31,088,000 after purchasing an additional 1,535 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Winmark by 9.0% in the second quarter. William Blair Investment Management LLC now owns 71,426 shares of the specialty retailer's stock valued at $25,187,000 after buying an additional 5,892 shares during the period. Geode Capital Management LLC increased its stake in shares of Winmark by 2.1% in the third quarter. Geode Capital Management LLC now owns 71,185 shares of the specialty retailer's stock valued at $27,264,000 after buying an additional 1,445 shares during the period. Finally, Copeland Capital Management LLC boosted its position in Winmark by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 63,630 shares of the specialty retailer's stock worth $24,366,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds 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.