Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume - Time to Buy?

Shares of Winmark Co. (NASDAQ:WINA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 48,866 shares were traded during mid-day trading, an increase of 69% from the previous session's volume of 28,876 shares.The stock last traded at $422.97 and had previously closed at $424.82.

Winmark Trading Up 0.1%

The stock has a market cap of $1.49 billion, a P/E ratio of 38.66 and a beta of 0.54. The firm's 50-day simple moving average is $372.76 and its 200 day simple moving average is $374.00.

Winmark (NASDAQ:WINA - Get Free Report) last posted its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.74 by ($0.03). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The firm 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 company posted $2.41 EPS.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were paid a $0.96 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $3.84 dividend on an annualized basis and a yield of 0.91%. This is a boost from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio (DPR) is currently 34.32%.

Insider Buying and Selling at Winmark

In other news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 56,683 shares of the company's stock, valued at $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On Winmark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Winmark during the 4th quarter valued at $31,000. Sterling Capital Management LLC raised its stake in Winmark by 820.0% during the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock valued at $36,000 after purchasing an additional 82 shares during the period. National Bank of Canada FI raised its stake in Winmark by 147.3% during the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 81 shares during the period. Smartleaf Asset Management LLC raised its stake in Winmark by 145.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock valued at $93,000 after purchasing an additional 141 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Winmark during the 4th quarter valued at $146,000. 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.