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

Winmark Co. (NASDAQ:WINA)’s stock price was up 4.3% during mid-day 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 changed hands 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. Investors of record on Wednesday, May 15th will be paid 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 is Tuesday, May 14th. Winmark’s dividend payout ratio is presently 29.22%.

Winmark Trading Up 4.8 %

The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 33.61 and a beta of 0.85. The stock’s 50 day moving average is $362.20 and its 200 day moving average is $390.25.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Winmark by 252.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,942 shares of the specialty retailer’s stock worth $1,064,000 after acquiring an additional 2,107 shares during the period. DGS Capital Management LLC lifted its holdings in shares of Winmark by 13.6% during the 1st quarter. DGS Capital Management LLC now owns 3,769 shares of the specialty retailer’s stock worth $1,363,000 after acquiring an additional 452 shares during the period. Mountain Pacific Investment Advisers Inc. ID lifted its holdings in shares of Winmark by 7.7% during the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 27,667 shares of the specialty retailer’s stock worth $10,007,000 after acquiring an additional 1,982 shares during the period. Congress Asset Management Co. MA purchased a new position in shares of Winmark during the 1st quarter worth about $2,085,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Winmark during the 4th quarter worth about $29,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

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.