Insider Selling: Winmark (NASDAQ:WINA) CEO Sells 4,971 Shares of Stock

by · The Cerbat Gem

Winmark Corporation (NASDAQ:WINA – Get Free Report) CEO Brett Heffes sold 4,971 shares of Winmark stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the completion of the sale, the chief executive officer owned 114,400 shares of the company’s stock, valued at $51,925,016. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Winmark Stock Performance

Winmark stock opened at $463.84 on Friday. Winmark Corporation has a fifty-two week low of $295.79 and a fifty-two week high of $466.22. The firm has a 50 day moving average price of $395.82 and a 200 day moving average price of $376.83. The company has a market capitalization of $1.65 billion, a PE ratio of 41.30 and a beta of 0.60.

Winmark (NASDAQ:WINA – Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, topping the consensus estimate of $2.88 by $0.01. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%.

Winmark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. Winmark’s payout ratio is 34.19%.

Hedge Funds Weigh In On Winmark

Several institutional investors have recently modified their holdings of WINA. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Winmark in the fourth quarter worth $31,000. National Bank of Canada FI grew its stake in shares of Winmark by 147.3% in the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 81 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Winmark in the second quarter worth $43,000. CWM LLC grew its stake in shares of Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock worth $59,000 after acquiring an additional 122 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Winmark by 19.0% in the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock worth $80,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

About Winmark

(Get Free Report)

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.

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