Bahl & Gaynor Inc. Purchases New Position in Winmark Corporation $WINA

Key Points

• Bahl & Gaynor Inc. recently acquired a stake in Winmark Corporation worth approximately $2.09 million, representing 0.19% ownership as of the latest quarter.
• Winmark announced a quarterly dividend of $0.96 per share, which is set to be paid on September 2nd, equating to a yield of 0.9%.
• The company's stock has shown significant performance, with a 52-week low of $295.79 and a high of $459.92, currently trading up 2.2% at $448.80.

Bahl & Gaynor Inc. purchased a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,589 shares of the specialty retailer's stock, valued at approximately $2,094,000. Bahl & Gaynor Inc. owned 0.19% of Winmark as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Winmark by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock worth $54,462,000 after purchasing an additional 2,382 shares during the period. Bessemer Group Inc. boosted its stake in shares of Winmark by 4.0% during the 1st quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock worth $17,525,000 after acquiring an additional 2,142 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Winmark by 0.9% during the 1st quarter. Northern Trust Corp now owns 47,076 shares of the specialty retailer's stock worth $14,964,000 after acquiring an additional 410 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Winmark by 11.3% during the 1st quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer's stock worth $10,864,000 after acquiring an additional 3,467 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Winmark by 2,706.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after buying an additional 24,142 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Price Performance

WINA traded down $2.40 during trading on Friday, hitting $459.50. The company's stock had a trading volume of 17,739 shares, compared to its average volume of 84,869. The firm's 50 day moving average price is $395.43 and its 200-day moving average price is $376.31. The stock has a market cap of $1.63 billion, a PE ratio of 40.92 and a beta of 0.60. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $466.22.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.01. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio is presently 34.19%.

Insider Activity at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the completion of the sale, the chief executive officer directly owned 114,400 shares in the company, valued at $51,925,016. This represents a 4.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.10% of the stock is currently owned by insiders.

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.