Envestnet Asset Management Inc. Acquires 5,932 Shares of Winmark Corporation (NASDAQ:WINA)

Envestnet Asset Management Inc. boosted its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 33.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,923 shares of the specialty retailer's stock after acquiring an additional 5,932 shares during the quarter. Envestnet Asset Management Inc. owned 0.68% of Winmark worth $7,604,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Winmark in the fourth quarter valued at about $31,000. Sterling Capital Management LLC raised its position in Winmark by 820.0% in the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 82 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Winmark in the fourth quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd acquired a new position in Winmark in the fourth quarter valued at approximately $220,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Winmark in the fourth quarter valued at approximately $236,000. Institutional investors own 73.32% of the company's stock.

Insider Buying and Selling

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

Winmark Stock Up 0.8%

NASDAQ WINA traded up $2.87 during trading hours on Friday, hitting $383.20. The company's stock had a trading volume of 44,756 shares, compared to its average volume of 67,561. The stock has a fifty day moving average of $402.16 and a 200 day moving average of $371.84. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $459.92. The firm has a market capitalization of $1.36 billion, a P/E ratio of 34.12 and a beta of 0.56.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results 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 net margin of 49.48% and a negative return on equity of 98.49%. The firm had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million.

Winmark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 13th. Winmark's 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.