Winmark Corporation (NASDAQ:WINA) Plans Quarterly Dividend of $0.96

Winmark Corporation (NASDAQ:WINA - Get Free Report) declared a quarterly dividend on Tuesday, July 15th, RTT News reports. Stockholders of record on Wednesday, August 13th will be paid a dividend of 0.96 per share by the specialty retailer on Tuesday, September 2nd. This represents a $3.84 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, August 13th.

Winmark has a payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings.

Winmark Stock Performance

Shares of NASDAQ WINA traded down $0.79 during midday trading on Thursday, hitting $378.63. 11,876 shares of the company traded hands, compared to its average volume of 59,099. The firm has a market cap of $1.34 billion, a P/E ratio of 33.72 and a beta of 0.56. Winmark has a 12-month low of $295.79 and a 12-month high of $459.93. The stock has a 50-day moving average price of $406.37 and a 200 day moving average price of $372.45.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.01. The firm had revenue of $20.42 million for the quarter, compared to the consensus estimate of $20.31 million. Winmark had a net margin of 49.48% and a negative return on equity of 94.68%.

Insider Buying and Selling

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the sale, the chief financial officer owned 56,683 shares in the company, valued at approximately $24,144,123.85. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd grew its position in Winmark by 36.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer's stock worth $243,000 after purchasing an additional 206 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Winmark by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer's stock worth $552,000 after acquiring an additional 77 shares during the period. Jane Street Group LLC raised its position in Winmark by 391.2% during the first quarter. Jane Street Group LLC now owns 3,787 shares of the specialty retailer's stock worth $1,204,000 after acquiring an additional 3,016 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Winmark by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer's stock valued at $1,987,000 after buying an additional 386 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Winmark by 7.7% in the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer's stock valued at $3,143,000 after buying an additional 708 shares during the last quarter. 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.