Allspring Global Investments Holdings LLC Sells 5,498 Shares of Winmark Corporation $WINA

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Winmark Corporation by 22.0%, now owning 19,536 shares worth approximately $7,377,000.
• Winmark Corporation has received a downgrade from Weiss Ratings, shifting from a "buy" to a "hold" rating, with the average analyst rating remaining a "hold."
• The company will pay a quarterly dividend of $0.96 per share on December 1st, with an annualized yield of 0.9% and a dividend payout ratio of 34.22%.

Allspring Global Investments Holdings LLC lowered its stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 22.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,536 shares of the specialty retailer's stock after selling 5,498 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.55% of Winmark worth $7,377,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer's stock worth $59,000 after acquiring an additional 122 shares during the last quarter. Roundview Capital LLC bought a new position in Winmark in the 2nd quarter worth approximately $1,058,000. KLP Kapitalforvaltning AS lifted its holdings in Winmark by 16.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 700 shares of the specialty retailer's stock worth $264,000 after buying an additional 100 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new position in Winmark during the 2nd quarter worth $3,572,000. Finally, Copeland Capital Management LLC boosted its position in Winmark by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer's stock valued at $27,755,000 after buying an additional 10,292 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Winmark from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

Insider Activity

In other news, CEO Brett D. Heffes sold 4,971 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the completion of the sale, the chief executive officer directly owned 114,400 shares of the company's stock, valued at $51,925,016. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lawrence A. Barbetta sold 852 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total transaction of $430,277.04. Following the completion of the sale, the director owned 649 shares in the company, valued at $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,264 shares of company stock valued at $3,797,366 over the last 90 days. Corporate insiders own 10.10% of the company's stock.

Winmark Price Performance

Shares of NASDAQ WINA opened at $436.64 on Monday. Winmark Corporation has a fifty-two week low of $295.79 and a fifty-two week high of $527.37. The firm has a market capitalization of $1.55 billion, a P/E ratio of 38.92 and a beta of 0.71. The company's 50 day simple moving average is $469.15 and its 200 day simple moving average is $414.49.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 EPS for the quarter, missing the consensus estimate of $3.22 by ($0.20). Winmark had a net margin of 48.84% and a negative return on equity of 103.08%. The business had revenue of $22.63 million for the quarter, compared to the consensus estimate of $20.19 million.

Winmark Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, November 12th. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. Winmark's dividend payout ratio (DPR) is 34.22%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.