Winmark Co. (NASDAQ:WINA) Major Shareholder Sells $295,000.00 in Stock

Winmark Co. (NASDAQ:WINA) major shareholder Ronald G. Olson sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $147.50, for a total value of $295,000.00. Following the transaction, the insider now owns 484,663 shares of the company’s stock, valued at approximately $71,487,792.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Winmark stock traded down $1.10 during midday trading on Friday, reaching $149.20. 2,800 shares of the company’s stock traded hands, compared to its average volume of 4,740. The company has a quick ratio of 1.60, a current ratio of 1.62 and a debt-to-equity ratio of -2.20. The company has a market cap of $577.38 million, a PE ratio of 23.88 and a beta of 0.43. Winmark Co. has a 12 month low of $121.55 and a 12 month high of $153.70.

Winmark (NASDAQ:WINA) last posted its quarterly earnings data on Wednesday, July 18th. The specialty retailer reported $1.73 earnings per share (EPS) for the quarter. The business had revenue of $18.16 million during the quarter. Winmark had a negative return on equity of 87.01% and a net margin of 38.33%.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System raised its holdings in Winmark by 3.7% in the second quarter. California Public Employees Retirement System now owns 10,581 shares of the specialty retailer’s stock worth $1,571,000 after purchasing an additional 381 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Winmark by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 14,042 shares of the specialty retailer’s stock valued at $2,085,000 after acquiring an additional 423 shares in the last quarter. Port Capital LLC increased its holdings in shares of Winmark by 3.3% during the first quarter. Port Capital LLC now owns 17,615 shares of the specialty retailer’s stock valued at $2,304,000 after acquiring an additional 555 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Winmark by 63.6% during the second quarter. Bessemer Group Inc. now owns 1,800 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 700 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Winmark by 49.4% during the first quarter. SG Americas Securities LLC now owns 2,213 shares of the specialty retailer’s stock valued at $289,000 after acquiring an additional 732 shares in the last quarter. Institutional investors and hedge funds own 48.66% of the company’s stock.

Separately, BidaskClub downgraded Winmark from a “hold” rating to a “sell” rating in a report on Friday, August 10th.

About Winmark

Winmark Corporation operates as a franchisor of 5 retail store concepts that buy, sell, trade, and consign merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Music Go Round, and Style Encore brand names.

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