Ronald G. Olson Sells 2,741 Shares of Winmark Co. (NASDAQ:WINA) Stock

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 2,741 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $407.70, for a total transaction of $1,117,505.70. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Winmark Price Performance

Shares of Winmark stock opened at $412.36 on Thursday. The firm has a 50 day simple moving average of $384.70 and a 200 day simple moving average of $371.57. Winmark Co. has a fifty-two week low of $330.25 and a fifty-two week high of $451.30. The firm has a market cap of $1.45 billion, a P/E ratio of 37.73 and a beta of 0.80.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The firm 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 firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $8.40 per share. This is a boost from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date is Wednesday, November 13th. This represents a $33.60 annualized dividend and a dividend yield of 8.15%. Winmark’s payout ratio is currently 32.94%.

Hedge Funds Weigh In On Winmark

A number of hedge funds and other institutional investors have recently bought and sold shares of WINA. AltraVue Capital LLC boosted its position in shares of Winmark by 95.2% in the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock worth $51,454,000 after purchasing an additional 71,145 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Winmark by 55.8% during the second quarter. Victory Capital Management Inc. now owns 3,726 shares of the specialty retailer’s stock worth $1,314,000 after buying an additional 1,334 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Winmark by 30.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,373 shares of the specialty retailer’s stock worth $4,011,000 after buying an additional 2,653 shares during the period. Liontrust Investment Partners LLP increased its stake in shares of Winmark by 35.4% in the 2nd quarter. Liontrust Investment Partners LLP now owns 11,043 shares of the specialty retailer’s stock valued at $3,894,000 after acquiring an additional 2,888 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of Winmark during the third quarter worth $5,102,000. 73.32% of the stock is owned by institutional investors.

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.