Winmark Co. (NASDAQ:WINA) CEO Sells $3,092,501.60 in Stock

Winmark Co. (NASDAQ:WINA) CEO Brett D. Heffes sold 8,290 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the transaction, the chief executive officer now directly owns 110,000 shares in the company, valued at $41,034,400. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Winmark Price Performance

Winmark stock traded down $5.54 during mid-day trading on Monday, reaching $378.15. 50,674 shares of the company traded hands, compared to its average volume of 28,807. The firm’s 50 day moving average price is $362.27 and its 200 day moving average price is $390.44. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 35.46 and a beta of 0.85. Winmark Co. has a 52-week low of $308.92 and a 52-week high of $451.30.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share for the quarter. The firm had revenue of $20.11 million for the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%.

Winmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.90 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This is an increase from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.95%. Winmark’s dividend payout ratio is currently 29.22%.

Institutional Trading of Winmark

A number of hedge funds and other institutional investors have recently modified their holdings of WINA. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Winmark in the 4th quarter worth about $29,000. AJOVista LLC purchased a new stake in shares of Winmark in the 4th quarter worth about $43,000. Huntington National Bank grew its position in shares of Winmark by 24.1% in the 3rd quarter. Huntington National Bank now owns 170 shares of the specialty retailer’s stock worth $63,000 after buying an additional 33 shares during the period. SG Americas Securities LLC bought a new position in Winmark in the 4th quarter worth about $141,000. Finally, Principal Financial Group Inc. bought a new position in Winmark in the 3rd quarter worth about $263,000. 73.32% of the stock is owned by hedge funds and other 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.