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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Neuberger Berman Group LLC raised its holdings in shares of Winmark by 2.0% during the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock worth $131,000,000 after acquiring an additional 6,521 shares during the period. Vanguard Group Inc. raised its stake in shares of Winmark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer's stock valued at $66,410,000 after purchasing an additional 1,389 shares during the period. William Blair Investment Management LLC lifted its holdings 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 valued at $33,334,000 after purchasing an additional 12,755 shares in the last quarter. Nine Ten Capital Management LLC lifted its holdings 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 valued at $32,979,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Winmark by 0.4% during 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 period. Institutional investors and hedge funds own 73.32% of the company's stock.

Insider Buying and Selling

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was 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 owned 56,683 shares in the company, valued at $24,144,123.85. This trade represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.10% of the stock is owned by company insiders.

Winmark Stock Performance

Winmark stock traded down $3.89 during midday trading on Monday, reaching $370.50. The stock had a trading volume of 39,550 shares, compared to its average volume of 57,858. The stock has a market capitalization of $1.31 billion, a P/E ratio of 33.11 and a beta of 0.56. The firm's fifty day simple moving average is $405.74 and its 200-day simple moving average is $373.84. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $459.93.

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

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 14th were paid a $0.96 dividend. This is a positive change from Winmark's previous quarterly dividend of $0.90. This represents a $3.84 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Wednesday, May 14th. Winmark's payout ratio is presently 34.32%.

Winmark Company 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.