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

Winmark Co. (NASDAQ:WINA - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 78,978 shares changed hands during mid-day trading, an increase of 205% from the previous session's volume of 25,899 shares.The stock last traded at $418.55 and had previously closed at $417.11.

Winmark Stock Down 1.9%

The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 38.59 and a beta of 0.54. The company's 50-day moving average price is $366.52 and its 200-day moving average price is $373.24.

Winmark (NASDAQ:WINA - Get Free Report) last issued its quarterly 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 business had revenue of $21.92 million for the quarter, compared to analyst estimates of $20.91 million. Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. During the same period in the prior year, the company posted $2.41 EPS.

Winmark Increases Dividend

The firm also recently declared 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. This represents a $3.84 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, May 14th. This is a boost from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio is currently 34.32%.

Institutional Trading of Winmark

Several hedge funds have recently made changes to their positions in WINA. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Winmark during the fourth quarter worth approximately $31,000. Sterling Capital Management LLC increased its stake in shares of Winmark by 820.0% during the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after buying an additional 82 shares during the period. National Bank of Canada FI increased its stake in shares of Winmark by 147.3% during the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after buying an additional 81 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock worth $93,000 after buying an additional 141 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Winmark during the fourth quarter worth approximately $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.