Hsbc Holdings PLC Purchases New Position in Winmark Corporation $WINA

Key Points

• HSBC Holdings PLC acquired a new stake in Winmark Corporation valued at approximately $233,000 by purchasing 745 shares in the first quarter of 2023.
• Institutional investors currently hold 73.32% of Winmark's stock, indicating significant interest from larger funds.
• Winmark announced a quarterly dividend of $0.96 per share, representing an annualized dividend of $3.84 and a yield of 0.8%.

Hsbc Holdings PLC acquired a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 745 shares of the specialty retailer's stock, valued at approximately $233,000.

Several other hedge funds also recently modified their holdings of WINA. Exchange Traded Concepts LLC raised its stake in Winmark by 8.3% during the first quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock worth $250,000 after acquiring an additional 60 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Winmark by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock worth $652,000 after acquiring an additional 62 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in Winmark by 10.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock worth $267,000 after acquiring an additional 65 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Winmark in the fourth quarter valued at $31,000. Finally, National Bank of Canada FI grew its holdings in Winmark by 147.3% during the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after acquiring an additional 81 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

Winmark Stock Up 3.5%

NASDAQ:WINA traded up $17.31 during mid-day trading on Thursday, reaching $513.96. 95,742 shares of the company were exchanged, compared to its average volume of 74,703. Winmark Corporation has a 12 month low of $295.79 and a 12 month high of $518.48. The company has a fifty day moving average of $413.42 and a 200 day moving average of $383.92. The stock has a market cap of $1.82 billion, a PE ratio of 45.77 and a beta of 0.65.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $20.42 million during the quarter, compared to analyst estimates of $20.31 million. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.

Winmark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, August 13th. Winmark's payout ratio is presently 34.19%.

Insider Buying and Selling at Winmark

In related news, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total value of $2,256,287.19. Following the sale, the chief executive officer directly owned 114,400 shares in the company, valued at $51,925,016. This trade represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.10% of the stock is owned by corporate insiders.

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.