Insider Selling: Winmark (NASDAQ:WINA) Director Sells 852 Shares of Stock

Key Points

• Winmark Corporation Director Lawrence Barbetta sold 852 shares on September 17th for a total amount of $430,277.04, reducing his ownership by 56.76%.
• The company's stock traded at $514.95 on Thursday, with earnings of $2.89 per share reported in the last quarter, exceeding estimates.
• Winmark recently announced a $0.96 quarterly dividend, with a payout ratio of 34.19% and an annualized yield of 0.7%.

Winmark Corporation (NASDAQ:WINA - Get Free Report) Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total transaction of $430,277.04. Following the sale, the director directly owned 649 shares of the company's stock, valued at $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Winmark Price Performance

NASDAQ WINA traded up $0.27 during trading hours on Monday, reaching $505.90. 43,864 shares of the stock traded hands, compared to its average volume of 76,979. The stock has a 50 day simple moving average of $432.26 and a two-hundred day simple moving average of $393.30. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $518.48. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 45.05 and a beta of 0.65.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, beating the consensus estimate of $2.88 by $0.01. The firm had revenue of $20.42 million for the quarter, compared to analyst estimates of $20.31 million. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.

Winmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, August 13th. Winmark's payout ratio is presently 34.19%.

Hedge Funds Weigh In On Winmark

Institutional investors and hedge funds have recently made changes to their positions in the business. Elevation Point Wealth Partners LLC bought a new stake in Winmark in the second quarter worth $43,000. National Bank of Canada FI lifted its stake in shares of Winmark by 147.3% in the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 81 shares during the last quarter. CWM LLC boosted its holdings in Winmark by 358.8% during the 2nd quarter. CWM LLC now owns 156 shares of the specialty retailer's stock valued at $59,000 after acquiring an additional 122 shares during the period. Tower Research Capital LLC TRC grew its position in Winmark by 19.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer's stock worth $80,000 after acquiring an additional 34 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Winmark by 48.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 355 shares of the specialty retailer's stock worth $133,000 after purchasing an additional 116 shares during the period. 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.