Winmark (NASDAQ:WINA) Sees Strong Trading Volume – What’s Next?

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 Down 0.8 %

The business’s fifty day moving average is $392.34 and its 200-day moving average is $383.43. The company has a market cap of $1.33 billion, a PE ratio of 34.57 and a beta of 0.82.

Winmark Cuts Dividend

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

Insider Transactions at Winmark

In other Winmark news, major shareholder Ronald G. Olson sold 3,659 shares of Winmark stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $424.21, for a total transaction of $1,552,184.39. Following the transaction, the insider now owns 146,335 shares of the company’s stock, valued at $62,076,770.35. The trade was a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winmark

Hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. grew its position in Winmark by 6.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 641 shares of the specialty retailer’s stock worth $252,000 after acquiring an additional 41 shares in the last quarter. Cavalier Investments LLC lifted its stake in shares of Winmark by 2.8% in the 4th quarter. Cavalier Investments LLC now owns 1,742 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 48 shares during the last quarter. Mariner LLC boosted its holdings in shares of Winmark by 10.0% in the 4th quarter. Mariner LLC now owns 866 shares of the specialty retailer’s stock worth $340,000 after purchasing an additional 79 shares during the period. Anchor Capital Advisors LLC increased its position in shares of Winmark by 2.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 3,467 shares of the specialty retailer’s stock valued at $1,363,000 after purchasing an additional 80 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Winmark by 820.0% during the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 82 shares during the period. 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.