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 company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $424.21, for a total value of $1,552,184.39. Following the completion of the sale, the insider now directly owns 146,335 shares in the company, valued at approximately $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 can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Winmark Price Performance

NASDAQ:WINA opened at $412.36 on Thursday. The firm’s 50-day moving average price is $384.70 and its 200-day moving average price is $371.57. The company has a market capitalization of $1.45 billion, a PE ratio of 37.73 and a beta of 0.80. Winmark Co. has a 1-year low of $330.25 and a 1-year high of $451.30.

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

Winmark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid 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 dividend on an annualized basis and a yield of 8.15%. Winmark’s payout ratio is presently 32.94%.

Institutional Investors Weigh In On Winmark

Several hedge funds have recently added to or reduced their stakes in WINA. Commonwealth Equity Services LLC raised its position in shares of Winmark by 0.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,186 shares of the specialty retailer’s stock worth $5,003,000 after purchasing an additional 41 shares during the last quarter. CWM LLC raised its holdings in Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after buying an additional 67 shares during the last quarter. Cavalier Investments LLC lifted its stake in shares of Winmark by 4.2% in the third quarter. Cavalier Investments LLC now owns 1,694 shares of the specialty retailer’s stock worth $649,000 after buying an additional 69 shares in the last quarter. Unique Wealth Strategies LLC purchased a new stake in shares of Winmark during the second quarter valued at approximately $36,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Winmark by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 816 shares of the specialty retailer’s stock valued at $296,000 after acquiring an additional 103 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

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.