Winmark Co. (NASDAQ:WINA) CEO Brett D. Heffes Sells 8,290 Shares

Winmark Co. (NASDAQ:WINA) CEO Brett D. Heffes sold 8,290 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $373.04, for a total value of $3,092,501.60. Following the transaction, the chief executive officer now owns 110,000 shares in the company, valued at approximately $41,034,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Winmark Price Performance

Shares of NASDAQ WINA opened at $378.15 on Tuesday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 34.53 and a beta of 0.85. The stock’s fifty day moving average price is $362.20 and its two-hundred day moving average price is $390.35. Winmark Co. has a one year low of $308.92 and a one year high of $451.30.

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

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 issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This is a boost from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.95%. Winmark’s dividend payout ratio (DPR) is currently 29.22%.

Institutional Investors Weigh In On Winmark

A number of hedge funds and other institutional investors have recently made changes to their positions in WINA. Algert Global LLC grew its position in Winmark by 0.7% during the third quarter. Algert Global LLC now owns 3,358 shares of the specialty retailer’s stock worth $1,253,000 after buying an additional 24 shares in the last quarter. Huntington National Bank grew its holdings in shares of Winmark by 24.1% during the 3rd quarter. Huntington National Bank now owns 170 shares of the specialty retailer’s stock worth $63,000 after purchasing an additional 33 shares in the last quarter. Cavalier Investments LLC increased its position in shares of Winmark by 2.4% in the third quarter. Cavalier Investments LLC now owns 1,514 shares of the specialty retailer’s stock worth $565,000 after purchasing an additional 35 shares during the period. Principal Financial Group Inc. raised its stake in Winmark by 9.8% in the fourth quarter. Principal Financial Group Inc. now owns 774 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 69 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Winmark during the fourth quarter worth about $29,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Company Profile

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.