In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Winmark Corp (NASDAQ:WINA) reported that Olson Ronald G has picked up 533,359 of common stock as of 2017-06-13.
The acquisition brings the aggregate amount owned by Olson Ronald G to a total of 533,359 representing less than 12.8% stake in the company.
For those not familiar with the company, Winmark Corporation is a franchisor of five retail store concepts that buy, sell and trade gently used merchandise. The Company operates through two business segments: franchising and leasing. The franchising segment franchises value-oriented retail store concepts that buy, sell, trade and consign merchandise. The leasing segment includes Winmark Capital Corporation, its middle-market equipment leasing business and Wirth Business Credit, Inc., its small-ticket financing business. As of December 31, 2016, the Company had 1,186 franchised stores across the United States and Canada. The Company operates a middle-market equipment leasing business through its subsidiary, Winmark Capital Corporation. Its middle-market leasing business serves large and medium-sized businesses and focuses on technology-based assets. Additionally, the Company operates a small-ticket financing business through its subsidiary, Wirth Business Credit, Inc.
A glance at Winmark Corp (NASDAQ:WINA)’s key stats reveals a current market capitalization of 524.77 Million based on 4.17 Million shares outstanding and a price at last close of $125.45 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-06-16, Morgan picked up 2,000 at a purchase price of $65.80. This brings their total holding to 1,681,878 as of the date of the filing.
On the sell side, the most recent transaction saw Murphy unload 3,000 shares at a sale price of $130.00. This brings their total holding to 4,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Winmark Corp (NASDAQ:WINA) as things move forward to see if its progress aligns with these transactions.
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