Winmark (NASDAQ:WINA) Sees Strong Trading Volume – Time to Buy?

Shares of Winmark Co. (NASDAQ:WINA) saw strong trading volume on Thursday . 20,347 shares changed hands during mid-day 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 Performance

The stock’s 50 day moving average is $392.34 and its 200 day moving average is $383.43. The company 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 given a dividend of $0.90 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.60 annualized dividend and a dividend yield of 0.95%. Winmark’s dividend payout ratio is currently 32.94%.

Insider Activity

In other news, major shareholder Ronald G. Olson sold 2,741 shares of the stock in a transaction dated 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 sale, the insider now directly owns 149,994 shares of the company’s stock, valued at approximately $61,152,553.80. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Winmark

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC grew its position in Winmark by 820.0% in the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 82 shares in the last quarter. nVerses Capital LLC purchased a new position in shares of Winmark during the 3rd quarter worth approximately $77,000. CWM LLC raised its holdings in Winmark by 110.9% in the third quarter. CWM LLC now owns 213 shares of the specialty retailer’s stock worth $82,000 after purchasing an additional 112 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Winmark by 145.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock worth $93,000 after buying an additional 141 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Winmark during the fourth quarter valued at approximately $220,000. 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.