Winmark (NASDAQ:WINA) Sees Large Volume Increase – Here’s Why

Winmark Co. (NASDAQ:WINA) saw an uptick in trading volume on Friday . 20,523 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 24,247 shares.The stock last traded at $307.06 and had previously closed at $308.43.

Winmark Price Performance

The firm has a market cap of $1.10 billion, a PE ratio of 28.60 and a beta of 0.89. The stock’s fifty day simple moving average is $365.83 and its 200-day simple moving average is $378.74.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.05). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The business had revenue of $19.55 million during the quarter, compared to analyst estimates of $20.25 million.

Winmark Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th were issued a $0.90 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.60 annualized dividend and a dividend yield of 1.15%. Winmark’s dividend payout ratio (DPR) is presently 33.06%.

Institutional Trading of Winmark

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Winmark in the 4th quarter worth approximately $31,000. Sterling Capital Management LLC boosted its holdings in 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 in the last quarter. Smartleaf Asset Management LLC grew its position in Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock valued at $93,000 after buying an additional 141 shares during the period. Point72 Asset Management L.P. purchased a new position in Winmark in the fourth quarter valued at $146,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Winmark in the fourth quarter worth about $220,000. 73.32% of the stock is owned by institutional investors and hedge funds.

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.