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Allspring Global Investments Holdings LLC Acquires 24,142 Shares of Winmark Corporation (NASDAQ:WINA)

Winmark logo with Retail/Wholesale background

Allspring Global Investments Holdings LLC raised its position in Winmark Corporation (NASDAQ:WINA - Free Report) by 2,706.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,034 shares of the specialty retailer's stock after purchasing an additional 24,142 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.71% of Winmark worth $7,958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Neuberger Berman Group LLC grew its stake in Winmark by 2.0% in the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock valued at $131,000,000 after purchasing an additional 6,521 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Winmark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer's stock worth $66,410,000 after buying an additional 1,389 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Winmark by 17.7% in the fourth quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer's stock worth $33,334,000 after buying an additional 12,755 shares during the last quarter. Nine Ten Capital Management LLC lifted its position in shares of Winmark by 5.5% in the fourth quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer's stock worth $32,979,000 after buying an additional 4,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Winmark by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer's stock worth $28,092,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company's stock.

Insider Buying and Selling at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the completion of the transaction, the chief financial officer owned 56,683 shares of the company's stock, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.10% of the company's stock.

Winmark Stock Down 0.8%

Shares of NASDAQ:WINA traded down $2.78 on Tuesday, reaching $363.85. The company had a trading volume of 121,572 shares, compared to its average volume of 58,538. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $459.93. The stock has a 50-day moving average price of $405.74 and a 200 day moving average price of $373.55. The stock has a market capitalization of $1.28 billion, a P/E ratio of 32.52 and a beta of 0.56.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). Winmark had a negative return on equity of 95.03% and a net margin of 49.45%. The company had revenue of $21.92 million during the quarter, compared to analyst estimates of $20.91 million. During the same period in the prior year, the firm earned $2.41 EPS.

Winmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a boost from Winmark's previous quarterly dividend of $0.90. Winmark's payout ratio is currently 34.32%.

About Winmark

(Free Report)

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.

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Institutional Ownership by Quarter for Winmark (NASDAQ:WINA)

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