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

Winmark Co. (NASDAQ:WINA - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 20,347 shares traded hands during trading, an increase of 14% from the previous session's volume of 17,915 shares.The stock last traded at $379.62 and had previously closed at $387.48.

Winmark Stock Down 0.8 %

The company's fifty day moving average price is $392.34 and its 200-day moving average price is $383.31. The stock has a market capitalization of $1.33 billion, a PE ratio of 34.57 and a beta of 0.82.

Winmark Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.90 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.60 dividend on an annualized basis and a yield of 0.95%. Winmark's dividend payout ratio is presently 32.94%.

Insider Buying and Selling at Winmark

In related news, major shareholder Ronald G. Olson sold 2,741 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $407.70, for a total value of $1,117,505.70. Following the completion of the transaction, the insider now owns 149,994 shares of the company's stock, valued at approximately $61,152,553.80. This represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 10.60% of the company's stock.

Institutional Investors Weigh In On Winmark

A number of institutional investors have recently bought and sold shares of WINA. Raymond James Financial Inc. purchased a new stake in Winmark in the 4th quarter worth $12,071,000. Rockefeller Capital Management L.P. purchased a new stake in Winmark in the 3rd quarter worth $9,168,000. CWA Asset Management Group LLC purchased a new stake in Winmark in the 3rd quarter worth $5,102,000. William Blair Investment Management LLC increased its stake in Winmark by 17.7% in the 4th quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer's stock worth $33,334,000 after buying an additional 12,755 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Winmark by 292.3% in the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock worth $6,690,000 after buying an additional 12,682 shares in the last quarter. Hedge funds and other 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.