Bahl & Gaynor Inc. Takes $2.09 Million 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. bought a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,589 shares of the specialty retailer's stock, valued at approximately $2,094,000. Bahl & Gaynor Inc. owned 0.19% of Winmark at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Exchange Traded Concepts LLC raised its stake in shares of Winmark by 8.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock valued at $250,000 after acquiring an additional 60 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Winmark by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock valued at $652,000 after acquiring an additional 62 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of Winmark by 10.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock valued at $267,000 after acquiring an additional 65 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Winmark in the 4th quarter valued at $31,000. Finally, Mariner LLC raised its stake in shares of Winmark by 10.0% in the 4th quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock valued at $340,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 73.32% of the company's stock.

Insiders Place Their Bets

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the completion of the sale, the chief financial officer directly owned 56,683 shares of the company's stock, valued at approximately $24,144,123.85. This trade represents 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 link. Insiders own 10.10% of the company's stock.

Winmark Trading Up 2.2%

Shares of WINA stock opened at $448.80 on Friday. The company's fifty day simple moving average is $394.61 and its 200-day simple moving average is $374.21. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $459.92. The company has a market cap of $1.59 billion, a PE ratio of 39.96 and a beta of 0.60.

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

Winmark Dividend Announcement

The company 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 dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is presently 34.19%.

Winmark 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.

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