Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume – Here’s Why

Winmark Co. (NASDAQ:WINA) shares saw strong trading volume on Friday . 32,413 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 24,174 shares.The stock last traded at $323.17 and had previously closed at $318.42.

Winmark Stock Performance

The firm has a fifty day moving average of $373.92 and a 200 day moving average of $380.71. The firm has a market capitalization of $1.14 billion, a PE ratio of 29.68 and a beta of 0.82.

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

Winmark Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 12th were paid a $0.90 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.60 annualized dividend and a dividend yield of 1.12%. Winmark’s payout ratio is 33.06%.

Institutional Investors Weigh In On Winmark

Several institutional investors and hedge funds have recently added to or reduced their stakes in WINA. Snowden Capital Advisors LLC grew its position in Winmark by 10.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer’s stock worth $267,000 after purchasing an additional 65 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Winmark during the fourth quarter worth $31,000. Point72 Asset Management L.P. bought a new position in Winmark in the 4th quarter worth approximately $146,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Winmark by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer’s stock worth $652,000 after acquiring an additional 62 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Winmark by 18.8% during the 4th quarter. Deutsche Bank AG now owns 2,367 shares of the specialty retailer’s stock worth $930,000 after buying an additional 374 shares during the period. 73.32% of the stock is currently 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.