Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Winmark Co. (NASDAQ:WINA) saw unusually-strong trading volume on Thursday . Approximately 15,884 shares were traded during 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 Trading Down 0.1 %

The stock’s fifty day moving average is $396.20 and its two-hundred day moving average is $384.20. The company has a market capitalization of $1.35 billion, a PE ratio of 35.10 and a beta of 0.82.

Winmark Cuts Dividend

The company also recently declared 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. The ex-dividend date is Wednesday, February 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.94%. Winmark’s dividend payout ratio is presently 32.94%.

Insider Activity at Winmark

In related news, major shareholder Ronald G. Olson sold 2,741 shares of the firm’s stock in a transaction that occurred on 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 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 trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winmark

Several hedge funds have recently made changes to their positions in WINA. Rockefeller Capital Management L.P. bought a new position in Winmark in the 3rd quarter valued at $9,168,000. CWA Asset Management Group LLC bought a new stake in Winmark during the third quarter valued at $5,102,000. Congress Asset Management Co. grew its position in Winmark by 73.3% during the fourth quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer’s stock worth $6,220,000 after buying an additional 6,690 shares in the last quarter. Barclays PLC increased its stake in Winmark by 117.7% in the 3rd quarter. Barclays PLC now owns 6,073 shares of the specialty retailer’s stock worth $2,325,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Northstar Asset Management Inc. purchased a new stake in shares of Winmark in the 4th quarter valued at about $1,200,000. 73.32% of the stock is currently owned by hedge funds and other 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.