Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Winmark Co. (NASDAQ:WINA) saw unusually-strong trading volume on Monday . Approximately 84,605 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 44,015 shares.The stock last traded at $434.31 and had previously closed at $432.26.

Winmark Stock Down 3.9%

The stock has a fifty day moving average of $377.23 and a 200-day moving average of $374.10. The firm has a market capitalization of $1.47 billion, a P/E ratio of 38.16 and a beta of 0.61.

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

Winmark Increases Dividend

The company also recently disclosed 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 is a boost from Winmark’s previous quarterly dividend of $0.90. This represents a $3.84 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, May 14th. 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 the business’s stock in a transaction dated Friday, May 30th. The stock was 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 10.10% of the company’s stock.

Institutional Trading of Winmark

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its holdings in shares of Winmark by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 641 shares of the specialty retailer’s stock valued at $252,000 after purchasing an additional 41 shares in the last quarter. Cavalier Investments LLC boosted its position in Winmark by 2.8% during the 4th quarter. Cavalier Investments LLC now owns 1,742 shares of the specialty retailer’s stock worth $685,000 after acquiring an additional 48 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Winmark by 8.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer’s stock worth $250,000 after purchasing an additional 60 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Winmark by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer’s stock valued at $652,000 after buying an additional 62 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in shares of Winmark by 10.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer’s stock valued at $267,000 after buying an additional 65 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

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.