Separately, ValuEngine cut Winmark from a sell rating to a strong sell rating in a research report on Tuesday, January 14th.
Shares of NASDAQ WINA opened at $210.39 on Tuesday. The stock has a 50 day moving average price of $202.37 and a 200 day moving average price of $181.98. Winmark has a 52 week low of $158.30 and a 52 week high of $215.00. The stock has a market capitalization of $819.62 million, a PE ratio of 27.72 and a beta of 0.23.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 12th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, February 11th. This represents a $1.00 annualized dividend and a yield of 0.48%.
In related news, major shareholder Ronald G. Olson sold 5,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $198.32, for a total transaction of $991,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 31.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FIL Ltd acquired a new stake in shares of Winmark in the fourth quarter valued at approximately $34,000. Great West Life Assurance Co. Can acquired a new stake in shares of Winmark in the fourth quarter valued at approximately $42,000. Bank of Montreal Can lifted its position in shares of Winmark by 47.0% in the fourth quarter. Bank of Montreal Can now owns 316 shares of the specialty retailer’s stock valued at $63,000 after buying an additional 101 shares during the last quarter. Citigroup Inc. lifted its position in shares of Winmark by 48.7% in the fourth quarter. Citigroup Inc. now owns 510 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 167 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Winmark by 22.2% in the fourth quarter. Schroder Investment Management Group now owns 555 shares of the specialty retailer’s stock valued at $110,000 after buying an additional 101 shares during the last quarter. 54.81% of the stock is owned by institutional investors.
Winmark Corporation operates as a franchisor of 5 retail store concepts that buy, sell, trade, and consign merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato’s Closet, Once Upon A Child, Play It Again Sports, Music Go Round, and Style Encore brand names.
Further Reading: Initial Coin Offering (ICO)
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