Bank of America Corp DE Raises Stock Holdings in Winmark Co. (NASDAQ:WINA)

Bank of America Corp DE grew its stake in Winmark Co. (NASDAQ:WINA - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,312 shares of the specialty retailer's stock after acquiring an additional 656 shares during the quarter. Bank of America Corp DE owned about 0.32% of Winmark worth $4,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC grew its holdings in shares of Winmark by 117.7% during the 3rd quarter. Barclays PLC now owns 6,073 shares of the specialty retailer's stock worth $2,325,000 after purchasing an additional 3,284 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Winmark by 1,087.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 736 shares of the specialty retailer's stock valued at $289,000 after buying an additional 674 shares during the period. SG Americas Securities LLC purchased a new position in shares of Winmark in the 4th quarter valued at about $502,000. Copeland Capital Management LLC boosted its stake in shares of Winmark by 2.5% in the 4th quarter. Copeland Capital Management LLC now owns 65,224 shares of the specialty retailer's stock valued at $25,638,000 after buying an additional 1,594 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Winmark during the fourth quarter worth approximately $351,000. 73.32% of the stock is owned by institutional investors and hedge funds.

Winmark Trading Up 1.0%

WINA stock traded up $4.22 during trading on Monday, hitting $429.04. 635,491 shares of the company's stock were exchanged, compared to its average volume of 31,092. The business has a 50-day moving average price of $368.66 and a two-hundred day moving average price of $373.34. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 39.40 and a beta of 0.54. Winmark Co. has a 52-week low of $295.79 and a 52-week high of $434.87.

Winmark (NASDAQ:WINA - Get Free Report) last released its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). The company had revenue of $21.92 million during the quarter, compared to analyst estimates of $20.91 million. Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. During the same period in the previous year, the firm posted $2.41 EPS.

Winmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 14th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio is currently 34.32%.

Insider Buying and Selling

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the sale, the chief financial officer now directly owns 56,683 shares in the company, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.10% of the stock is currently owned by corporate insiders.

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.