Deutsche Bank AG Acquires 4,086 Shares of 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 boosted its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 172.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,453 shares of the specialty retailer's stock after buying an additional 4,086 shares during the quarter. Deutsche Bank AG owned approximately 0.18% of Winmark worth $2,051,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in shares of Winmark by 4.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,080 shares of the specialty retailer's stock worth $2,783,000 after purchasing an additional 307 shares during the period. Sterling Capital Management LLC lifted its position in shares of Winmark by 820.0% during the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock valued at $36,000 after acquiring an additional 82 shares during the period. Barclays PLC boosted its stake in Winmark by 8.2% during the fourth quarter. Barclays PLC now owns 6,574 shares of the specialty retailer's stock worth $2,584,000 after acquiring an additional 501 shares in the last quarter. Mariner LLC grew its holdings in Winmark by 10.0% in the fourth quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock worth $340,000 after purchasing an additional 79 shares during the period. Finally, MetLife Investment Management LLC increased its stake in Winmark by 6.0% in the fourth quarter. MetLife Investment Management LLC now owns 1,753 shares of the specialty retailer's stock valued at $689,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 73.32% of the company's stock.

Insider Activity at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.10% of the company's stock.

Winmark Price Performance

WINA stock opened at $431.79 on Thursday. The stock has a market capitalization of $1.53 billion, a PE ratio of 38.45 and a beta of 0.60. The company's 50-day moving average is $394.04 and its 200-day moving average is $373.39. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $459.92.

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, beating 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 the consensus estimate of $20.31 million.

Winmark Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, August 13th. This represents a $3.84 annualized dividend and a dividend yield of 0.9%. Winmark's dividend payout ratio 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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