Winmark (NASDAQ:WINA) Stock Price Up 4.3% After Dividend Announcement

Winmark Co. (NASDAQ:WINA) shares rose 4.3% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $368.00 and last traded at $368.00. Approximately 24,291 shares were traded during trading, a decline of 13% from the average daily volume of 27,915 shares. The stock had previously closed at $352.67.

The newly announced dividend which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.94%. This is a boost from Winmark’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Tuesday, May 14th. Winmark’s dividend payout ratio is 29.22%.

Winmark Stock Up 4.8 %

The business has a 50-day simple moving average of $362.20 and a two-hundred day simple moving average of $390.25. The stock has a market capitalization of $1.34 billion, a P/E ratio of 33.61 and a beta of 0.85.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share for the quarter. Winmark had a negative return on equity of 87.50% and a net margin of 48.36%. The firm had revenue of $20.11 million for the quarter.

Institutional Trading of Winmark

Large investors have recently bought and sold shares of the stock. Grantham Mayo Van Otterloo & Co. LLC grew its position in Winmark by 20.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 8,734 shares of the specialty retailer’s stock valued at $3,259,000 after acquiring an additional 1,467 shares during the period. Liontrust Investment Partners LLP acquired a new position in Winmark in the third quarter worth $981,000. Charles Schwab Investment Management Inc. boosted its stake in Winmark by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,107 shares of the specialty retailer’s stock worth $8,249,000 after purchasing an additional 1,062 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Winmark by 71.3% in the third quarter. Public Employees Retirement System of Ohio now owns 6,898 shares of the specialty retailer’s stock worth $2,574,000 after purchasing an additional 2,870 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Winmark in the fourth quarter worth $141,000. 73.32% of the stock is currently owned by institutional investors.

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.