Winmark (NASDAQ:WINA) Sees Strong Trading Volume - Here's What Happened

Shares of Winmark Corporation (NASDAQ:WINA - Get Free Report) saw an uptick in trading volume on Monday . 79,658 shares changed hands during mid-day trading, an increase of 54% from the previous session's volume of 51,816 shares.The stock last traded at $440.27 and had previously closed at $430.02.

Winmark Stock Performance

The firm's 50-day moving average is $396.78 and its two-hundred day moving average is $375.93. The stock has a market cap of $1.59 billion, a P/E ratio of 40.24 and a beta of 0.61.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.74 by ($0.03). Winmark had a negative return on equity of 95.03% and a net margin of 49.45%. The company had revenue of $21.92 million during the quarter, compared to the consensus estimate of $20.91 million. During the same quarter last year, the firm earned $2.41 EPS.

Winmark Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 14th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Wednesday, May 14th. This is a positive change from Winmark's previous quarterly dividend of $0.90. Winmark's payout ratio is currently 34.32%.

Insiders Place Their Bets

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

Institutional Trading of Winmark

A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in Winmark by 23.1% during the 1st quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer's stock worth $3,549,000 after acquiring an additional 2,096 shares during the period. Jane Street Group LLC grew its holdings in Winmark by 391.2% during the 1st 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 grew its holdings in Winmark by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer's stock worth $1,987,000 after acquiring an additional 386 shares during the period. Vancity Investment Management Ltd acquired a new stake in Winmark during the 1st quarter worth $3,464,000. Finally, Caxton Associates LLP acquired a new stake in Winmark during the 1st quarter worth $713,000. Institutional investors and hedge funds 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.