Algert Global LLC Purchases 1,270 Shares of Winmark Corporation $WINA

Key Points

• Algert Global LLC has increased its holdings in Winmark Corporation by 18.8%, owning a total of 8,019 shares valued at approximately $2.55 million.
• Winmark has announced a quarterly dividend of $0.96 per share, representing a 0.9% dividend yield, with an ex-dividend date on August 13th.
• In the first quarter, Winmark reported earnings of $2.89 per share, beating analysts' estimates, with revenue of $20.42 million for the quarter.

Algert Global LLC raised its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,019 shares of the specialty retailer's stock after purchasing an additional 1,270 shares during the period. Algert Global LLC owned 0.23% of Winmark worth $2,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Winmark by 2,706.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after acquiring an additional 24,142 shares during the period. Nuveen LLC bought a new stake in Winmark during the 1st quarter valued at $2,925,000. Envestnet Asset Management Inc. raised its holdings in Winmark by 33.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 23,923 shares of the specialty retailer's stock valued at $7,604,000 after acquiring an additional 5,932 shares during the period. Deutsche Bank AG raised its holdings in Winmark by 172.6% during the 1st quarter. Deutsche Bank AG now owns 6,453 shares of the specialty retailer's stock valued at $2,051,000 after acquiring an additional 4,086 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Winmark by 11.3% during the 1st quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer's stock valued at $10,864,000 after acquiring an additional 3,467 shares during the period. 73.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Winmark

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the transaction, the chief financial officer owned 56,683 shares of the company's stock, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.10% of the company's stock.

Winmark Stock Performance

WINA stock traded up $9.55 during midday trading on Friday, reaching $448.80. 84,430 shares of the company's stock traded hands, compared to its average volume of 71,560. The company has a 50-day moving average price of $394.61 and a two-hundred day moving average price of $374.21. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $459.92. The firm has a market capitalization of $1.59 billion, a PE ratio of 39.96 and a beta of 0.60.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The business had revenue of $20.42 million for the quarter, compared to analysts' expectations of $20.31 million.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. Winmark's payout ratio is presently 34.19%.

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.