GAMMA Investing LLC Acquires 3,164 Shares of Winmark Corporation (NASDAQ:WINA)

GAMMA Investing LLC boosted its position in Winmark Corporation (NASDAQ:WINA - Free Report) by 21,093.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,179 shares of the specialty retailer's stock after buying an additional 3,164 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of Winmark worth $1,011,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WINA. Raymond James Financial Inc. acquired a new position in shares of Winmark during the 4th quarter worth approximately $12,071,000. William Blair Investment Management LLC lifted its position in shares of Winmark by 17.7% during the 4th quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer's stock valued at $33,334,000 after acquiring an additional 12,755 shares during the period. Victory Capital Management Inc. lifted its position in shares of Winmark by 292.3% during the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock valued at $6,690,000 after acquiring an additional 12,682 shares during the period. Congress Asset Management Co. lifted its position in shares of Winmark by 73.3% during the 4th quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer's stock valued at $6,220,000 after acquiring an additional 6,690 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in shares of Winmark by 2.0% during the 4th quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock valued at $131,000,000 after acquiring an additional 6,521 shares during the period. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Stock Up 1.4%

Shares of NASDAQ:WINA traded up $6.30 during trading on Wednesday, reaching $450.34. 174,776 shares of the company traded hands, compared to its average volume of 53,669. The company's 50 day moving average is $392.10 and its two-hundred day moving average is $375.18. The firm has a market capitalization of $1.59 billion, a PE ratio of 40.24 and a beta of 0.61. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $459.92.

Winmark (NASDAQ:WINA - Get Free Report) last released its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). Winmark had a net margin of 49.45% and a negative return on equity of 95.03%. The company had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. During the same quarter in the previous year, the company posted $2.41 earnings per share.

Winmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were given a dividend of $0.96 per share. This is an increase from Winmark's previous quarterly dividend of $0.90. This represents a $3.84 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Wednesday, May 14th. Winmark's dividend payout ratio is currently 34.32%.

Insider Buying and Selling

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction 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 now directly owns 56,683 shares in the company, valued at $24,144,123.85. This represents a 6.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.10% of the stock is owned by corporate insiders.

Winmark Company 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.