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

Winmark Co. (NASDAQ:WINA - Get Free Report) shares saw an uptick in trading volume on Tuesday . 38,066 shares changed hands during trading, an increase of 59% from the previous session's volume of 23,952 shares.The stock last traded at $358.06 and had previously closed at $343.96.

Winmark Stock Up 0.3 %

The firm has a 50-day moving average of $329.53 and a two-hundred day moving average of $370.77. The company has a market capitalization of $1.28 billion, a PE ratio of 33.38 and a beta of 0.64.

Winmark (NASDAQ:WINA - Get Free Report) last posted its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.74 by ($0.03). The firm had revenue of $21.92 million during the quarter, compared to analyst estimates of $20.91 million. Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. During the same quarter in the prior year, the firm earned $2.41 earnings per share.

Winmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This is a boost from Winmark's previous quarterly dividend of $0.90. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.06%. Winmark's dividend payout ratio (DPR) is 34.32%.

Hedge Funds Weigh In On Winmark

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in Winmark in the 4th quarter valued at about $12,071,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Winmark by 2,706.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after acquiring an additional 24,142 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Winmark by 17.7% in the fourth quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer's stock valued at $33,334,000 after acquiring an additional 12,755 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Winmark by 292.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock worth $6,690,000 after acquiring an additional 12,682 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in shares of Winmark by 73.3% during the fourth quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer's stock worth $6,220,000 after purchasing an additional 6,690 shares in the last quarter. 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.