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 stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 23.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in shares of Winmark by 2.0% during the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock worth $131,000,000 after acquiring an additional 6,521 shares during the period. Vanguard Group Inc. raised its holdings in shares of Winmark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer's stock worth $66,410,000 after acquiring an additional 1,389 shares during the period. Nine Ten Capital Management LLC raised its holdings in shares of Winmark by 5.5% during the fourth quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer's stock worth $32,979,000 after acquiring an additional 4,400 shares during the period. Geode Capital Management LLC raised its holdings in shares of Winmark by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer's stock worth $28,092,000 after acquiring an additional 266 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Winmark by 4.0% during the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock worth $17,525,000 after acquiring an additional 2,142 shares during the period. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.10% of the company's stock.

Winmark Stock Down 1.8%

Shares of NASDAQ:WINA traded down $6.68 during midday trading on Friday, reaching $370.74. 50,679 shares of the company were exchanged, compared to its average volume of 61,274. Winmark Corporation has a fifty-two week low of $295.79 and a fifty-two week high of $459.92. The stock has a fifty day simple moving average of $397.99 and a two-hundred day simple moving average of $371.66. The firm has a market cap of $1.32 billion, a PE ratio of 33.01 and a beta of 0.60.

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, beating analysts' consensus estimates of $2.88 by $0.01. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate 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 announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a yield of 1.0%. Winmark's dividend payout ratio (DPR) is 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.