Deutsche Bank AG Has $2.05 Million Stake in Winmark Corporation $WINA

Key Points

• Deutsche Bank AG has increased its stake in Winmark Corporation by 172.6%, now owning a total of 6,453 shares valued at approximately $2,051,000.
• Winmark's CFO, Anthony D. Ishaug, sold 4,000 shares for about $1.7 million, reducing his ownership by 6.59%.
• Winmark recently announced a quarterly dividend of $0.96 per share, reflecting an annualized dividend yield of 0.9%.

Deutsche Bank AG lifted its stake in Winmark Corporation (NASDAQ:WINA - Free Report) by 172.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,453 shares of the specialty retailer's stock after buying an additional 4,086 shares during the period. Deutsche Bank AG owned approximately 0.18% of Winmark worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Winmark by 1.4% in the first quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock valued at $54,462,000 after buying an additional 2,382 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Winmark in the first quarter valued at approximately $583,000. Seizert Capital Partners LLC boosted its stake in shares of Winmark by 29.3% in the first quarter. Seizert Capital Partners LLC now owns 833 shares of the specialty retailer's stock valued at $265,000 after buying an additional 189 shares during the period. XTX Topco Ltd bought a new stake in shares of Winmark in the first quarter valued at approximately $510,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Winmark in the first quarter valued at approximately $540,000. 73.32% of the stock is currently owned by institutional investors.

Insider Activity at Winmark

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the transaction, the chief financial officer directly owned 56,683 shares in the company, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.10% of the company's stock.

Winmark Stock Performance

Shares of WINA stock traded down $8.28 during trading on Tuesday, hitting $449.22. The company had a trading volume of 59,080 shares, compared to its average volume of 73,285. The firm has a market capitalization of $1.59 billion, a P/E ratio of 40.00 and a beta of 0.60. The stock's 50-day moving average price is $395.04 and its 200 day moving average price is $375.23. Winmark Corporation has a one year low of $295.79 and a one year high of $460.64.

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

Winmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio is presently 34.19%.

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.