Ronald G. Olson Sells 3,659 Shares of Winmark Co. (NASDAQ:WINA) Stock

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 3,659 shares of the business’s stock in a transaction dated 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 sale, the insider now directly 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 filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Winmark Price Performance

WINA traded down $2.46 during midday trading on Tuesday, reaching $419.85. 13,384 shares of the company’s stock were exchanged, compared to its average volume of 26,391. The stock has a market capitalization of $1.48 billion, a PE ratio of 38.19 and a beta of 0.80. The business’s 50-day moving average price is $383.75 and its 200 day moving average price is $371.24. Winmark Co. has a 1-year low of $330.25 and a 1-year high of $451.30.

Winmark (NASDAQ:WINA) last announced its earnings results 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). The business had revenue of $21.51 million for the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Winmark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a $8.40 dividend. This represents a $33.60 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is currently 32.94%.

Hedge Funds Weigh In On Winmark

A number of institutional investors have recently modified their holdings of WINA. AltraVue Capital LLC raised its position in shares of Winmark by 95.2% in the second quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock valued at $51,454,000 after buying an additional 71,145 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of Winmark in the third quarter valued at approximately $9,168,000. CWA Asset Management Group LLC purchased a new stake in Winmark in the third quarter valued at approximately $5,102,000. William Blair Investment Management LLC grew its holdings in 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 purchasing an additional 5,892 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Winmark by 2.3% in the first quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer’s stock valued at $58,837,000 after purchasing an additional 3,594 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.