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

A number of other hedge funds have also recently made changes to their positions in WINA. Wells Fargo & Company MN grew its position in shares of Winmark by 4.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,080 shares of the specialty retailer's stock valued at $2,783,000 after purchasing an additional 307 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Winmark by 820.0% during the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock valued at $36,000 after purchasing an additional 82 shares in the last quarter. Barclays PLC grew its position in shares of Winmark by 8.2% during the 4th quarter. Barclays PLC now owns 6,574 shares of the specialty retailer's stock valued at $2,584,000 after purchasing an additional 501 shares in the last quarter. Mariner LLC grew its position in shares of Winmark by 10.0% during the 4th quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock valued at $340,000 after purchasing an additional 79 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Winmark by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 1,753 shares of the specialty retailer's stock valued at $689,000 after purchasing an additional 99 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Winmark

In related 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 completion of the transaction, the chief financial officer directly owned 56,683 shares in the company, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.10% of the company's stock.

Winmark Stock Down 1.8%

NASDAQ:WINA traded down $8.28 during midday trading on Tuesday, hitting $449.22. The company had a trading volume of 59,080 shares, compared to its average volume of 73,285. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $460.64. The stock's fifty day moving average price is $395.04 and its 200-day moving average price is $375.23. The company has a market capitalization of $1.59 billion, a PE ratio of 40.00 and a beta of 0.60.

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

Winmark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a $0.96 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $3.84 annualized dividend and a yield of 0.9%. Winmark's payout ratio is 34.19%.

Winmark 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.