Fiera Capital Corp Sells 1,703 Shares of Winmark Corporation (NASDAQ:WINA)

Key Points

• Fiera Capital Corp has decreased its stake in Winmark Corporation by 23.7%, now owning 5,488 shares valued at approximately $1.74 million after selling 1,703 shares in the 1st quarter.
• Winmark recently reported quarterly earnings, with an EPS of $2.89, slightly beating analysts' expectations, and announced a quarterly dividend of $0.96 per share, representing a yield of 1.00%.
• Institutional investors hold a significant majority of Winmark's stock, owning 73.32%, indicating strong institutional interest in the company.

Fiera Capital Corp trimmed its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 23.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,488 shares of the specialty retailer's stock after selling 1,703 shares during the period. Fiera Capital Corp owned about 0.16% of Winmark worth $1,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in WINA. Y Intercept Hong Kong Ltd bought a new position in shares of Winmark during the first quarter valued at about $540,000. Envestnet Asset Management Inc. increased its stake in shares of Winmark by 33.0% in the first quarter. Envestnet Asset Management Inc. now owns 23,923 shares of the specialty retailer's stock worth $7,604,000 after purchasing an additional 5,932 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Winmark by 12.2% during the first quarter. Teacher Retirement System of Texas now owns 3,947 shares of the specialty retailer's stock valued at $1,255,000 after acquiring an additional 428 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Winmark by 2,706.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after acquiring an additional 24,142 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Winmark by 4.0% during the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock valued at $17,525,000 after acquiring an additional 2,142 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Winmark

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the business'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 directly owned 56,683 shares in the company, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.10% of the company's stock.

Winmark Stock Down 1.8%

NASDAQ:WINA traded down $6.68 during mid-day trading on Friday, hitting $370.74. 50,679 shares of the stock traded hands, compared to its average volume of 86,454. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $459.92. The company has a market cap of $1.32 billion, a PE ratio of 33.01 and a beta of 0.56. The business's 50-day moving average price is $398.92 and its 200 day moving average price is $371.86.

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

Winmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.0%. 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.