Winmark (NASDAQ:WINA) Shares Up 4.3%

Shares of Winmark Co. (NASDAQ:WINA - Get Free Report) were up 4.3% during mid-day trading on Wednesday . The company traded as high as $368.00 and last traded at $368.00. Approximately 24,291 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 27,915 shares. The stock had previously closed at $352.67.

Winmark Trading Up 4.5 %

The company's 50 day moving average is $362.43 and its 200-day moving average is $390.42. The stock has a market cap of $1.29 billion, a PE ratio of 33.41 and a beta of 0.85.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The specialty retailer reported $2.64 earnings per share (EPS) for the quarter. The company had revenue of $20.04 million for the quarter. Winmark had a negative return on equity of 83.98% and a net margin of 48.27%.

Winmark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 14th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, February 13th. Winmark's dividend payout ratio is currently 29.01%.

Institutional Investors Weigh In On Winmark

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in Winmark by 45.8% in the third quarter. Morgan Stanley now owns 80,522 shares of the specialty retailer's stock worth $30,045,000 after acquiring an additional 25,287 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Winmark by 8.3% in the 4th quarter. Neuberger Berman Group LLC now owns 308,394 shares of the specialty retailer's stock worth $128,770,000 after purchasing an additional 23,605 shares during the last quarter. BlackRock Inc. boosted its position in Winmark by 7.3% during the 2nd quarter. BlackRock Inc. now owns 231,493 shares of the specialty retailer's stock valued at $76,964,000 after purchasing an additional 15,844 shares during the period. State Street Corp grew its stake in Winmark by 18.7% during the 1st quarter. State Street Corp now owns 78,213 shares of the specialty retailer's stock worth $25,062,000 after buying an additional 12,323 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Winmark by 856.8% in the second quarter. Goldman Sachs Group Inc. now owns 10,649 shares of the specialty retailer's stock worth $2,083,000 after buying an additional 9,536 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

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.