Insider Selling: Winmark Co. (NASDAQ:WINA) CEO Sells 8,290 Shares of Stock

Winmark Co. (NASDAQ:WINA - Get Free Report) CEO Brett D. Heffes sold 8,290 shares of the business's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $373.04, for a total value of $3,092,501.60. Following the sale, the chief executive officer now owns 110,000 shares of the company's stock, valued at approximately $41,034,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Winmark Price Performance

Shares of NASDAQ WINA traded down $5.54 during mid-day trading on Monday, hitting $378.15. The company's stock had a trading volume of 50,674 shares, compared to its average volume of 28,807. Winmark Co. has a one year low of $308.92 and a one year high of $451.30. The company's fifty day simple moving average is $362.20 and its 200-day simple moving average is $390.35. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 34.53 and a beta of 0.85.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share (EPS) for the quarter. The firm had revenue of $20.11 million for the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%.

Winmark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.90 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.60 dividend on an annualized basis and a yield of 0.95%. This is a boost from Winmark's previous quarterly dividend of $0.80. Winmark's dividend payout ratio (DPR) is 29.22%.

Institutional Trading of Winmark

Institutional investors and hedge funds have recently modified their holdings of the stock. Mountain Pacific Investment Advisers Inc. ID increased its stake in Winmark by 3.8% in the third quarter. Mountain Pacific Investment Advisers Inc. ID now owns 20,878 shares of the specialty retailer's stock valued at $7,790,000 after purchasing an additional 768 shares in the last quarter. Cavalier Investments LLC increased its position in shares of Winmark by 2.4% in the 3rd quarter. Cavalier Investments LLC now owns 1,514 shares of the specialty retailer's stock valued at $565,000 after buying an additional 35 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Winmark by 8.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,076 shares of the specialty retailer's stock worth $775,000 after buying an additional 170 shares during the period. Annex Advisory Services LLC lifted its holdings in Winmark by 20.7% during the third quarter. Annex Advisory Services LLC now owns 980 shares of the specialty retailer's stock worth $366,000 after acquiring an additional 168 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Winmark during the third quarter worth about $263,000. 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.