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

Winmark Co. (NASDAQ:WINA) CEO Brett D. Heffes sold 8,290 shares of Winmark 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 completion of the transaction, the chief executive officer now owns 110,000 shares in the company, valued at $41,034,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Winmark Stock Down 1.1 %

NASDAQ WINA opened at $374.00 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of 34.16 and a beta of 0.85. Winmark Co. has a 52-week low of $308.92 and a 52-week high of $451.30. The business’s 50-day moving average price is $362.20 and its 200 day moving average price is $390.17.

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

Winmark Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.90 dividend. This is a boost from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Tuesday, May 14th. Winmark’s payout ratio is currently 32.88%.

Hedge Funds Weigh In On Winmark

A number of large investors have recently bought and sold shares of WINA. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Winmark during the fourth quarter worth about $29,000. AJOVista LLC purchased a new stake in Winmark in the 4th quarter valued at approximately $43,000. Huntington National Bank increased its position in 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 during the period. SG Americas Securities LLC purchased a new position in shares of Winmark during the 4th quarter worth approximately $141,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Winmark in the 3rd quarter valued at approximately $263,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

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.