AlphaQuest LLC Boosts Stock Holdings in Winmark Corporation $WINA

Key Points

• AlphaQuest LLC increased its stake in Winmark Corporation by 223.8%, now owning 1,263 shares valued at approximately $401,000.
• Several institutional investors have also boosted their positions, with Allspring Global Investments increasing its stake by an extraordinary 2,706.5% during the first quarter.
• Winmark recently announced a quarterly dividend of $0.96, with a dividend yield of 0.8% and a payout ratio of 34.19%.

AlphaQuest LLC grew its stake in Winmark Corporation (NASDAQ:WINA - Free Report) by 223.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,263 shares of the specialty retailer's stock after acquiring an additional 873 shares during the quarter. AlphaQuest LLC's holdings in Winmark were worth $401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in WINA. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Winmark in the 4th quarter worth $31,000. National Bank of Canada FI boosted its position in shares of Winmark by 147.3% in the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 81 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Winmark in the 4th quarter worth $146,000. Hsbc Holdings PLC acquired a new stake in shares of Winmark in the 1st quarter worth $233,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Winmark in the 4th quarter worth $247,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 transaction, the chief executive officer owned 114,400 shares of the company's stock, valued at approximately $51,925,016. This represents a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 10.10% of the company's stock.

Winmark Stock Up 0.4%

Shares of Winmark stock traded up $1.94 during trading on Monday, reaching $463.84. The company's stock had a trading volume of 58,844 shares, compared to its average volume of 75,506. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 41.30 and a beta of 0.65. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $466.22. The company has a 50-day simple moving average of $395.82 and a two-hundred day simple moving average of $376.80.

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

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.96 dividend. 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 0.8%. Winmark's dividend payout ratio is presently 34.19%.

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.