Winmark (NASDAQ:WINA) Sees Large Volume Increase - Here's Why

Winmark Co. (NASDAQ:WINA - Get Free Report) saw an uptick in trading volume on Thursday . 15,884 shares traded hands during mid-day trading, a decline of 13% from the previous session's volume of 18,352 shares.The stock last traded at $384.26 and had previously closed at $380.72.

Winmark Stock Performance

The stock has a market cap of $1.36 billion, a P/E ratio of 35.46 and a beta of 0.82. The business has a 50 day simple moving average of $394.91 and a 200-day simple moving average of $383.78.

Winmark Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 12th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.60 dividend on an annualized basis and a yield of 0.93%. Winmark's dividend payout ratio (DPR) is presently 32.94%.

Insider Buying and Selling at Winmark

In other news, major shareholder Ronald G. Olson sold 3,659 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $424.21, for a total transaction of $1,552,184.39. Following the completion of the transaction, the insider now owns 146,335 shares in the company, valued at approximately $62,076,770.35. This represents a 2.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.60% of the company's stock.

Hedge Funds Weigh In On Winmark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WINA. nVerses Capital LLC purchased a new stake in shares of Winmark during the 3rd quarter valued at approximately $77,000. CWM LLC raised its holdings in Winmark by 110.9% during the 3rd quarter. CWM LLC now owns 213 shares of the specialty retailer's stock valued at $82,000 after acquiring an additional 112 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock worth $93,000 after acquiring an additional 141 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Winmark by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 641 shares of the specialty retailer's stock valued at $252,000 after purchasing an additional 41 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new stake in Winmark during the 4th quarter worth about $253,000. 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.