11,749 Shares in Winmark Corporation $WINA Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 11,749 shares of Winmark Corporation, valued at approximately $3.735 million, during the first quarter, owning about 0.33% of the company post-acquisition.
• Other institutional investors have also increased their stakes in Winmark, with Price T Rowe Associates and BNP Paribas among those reporting significant acquisitions in the last quarter.
• Winmark also announced a quarterly dividend of $0.96, yielding approximately 0.8%, with a payout ratio of 34.19%.

Jacobs Levy Equity Management Inc. purchased a new position in Winmark Corporation (NASDAQ:WINA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,749 shares of the specialty retailer's stock, valued at approximately $3,735,000. Jacobs Levy Equity Management Inc. owned 0.33% of Winmark as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WINA. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Winmark in the fourth quarter worth $31,000. National Bank of Canada FI lifted its position in Winmark by 147.3% during the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock valued at $43,000 after buying an additional 81 shares during the period. Point72 Asset Management L.P. purchased a new position in Winmark during the fourth quarter valued at $146,000. Hsbc Holdings PLC purchased a new position in Winmark during the first quarter valued at $233,000. Finally, Exchange Traded Concepts LLC lifted its position in Winmark by 8.3% during the first quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock valued at $250,000 after buying an additional 60 shares during the period. Hedge funds and other institutional investors own 73.32% of the company's stock.

Winmark Trading Up 1.8%

Winmark stock traded up $9.02 on Monday, hitting $497.97. 14,278 shares of the stock traded hands, compared to its average volume of 84,134. The firm has a market cap of $1.77 billion, a P/E ratio of 44.10 and a beta of 0.65. The business's fifty day simple moving average is $415.70 and its 200 day simple moving average is $385.67. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $518.48.

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, beating the consensus estimate of $2.88 by $0.01. The business 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Winmark's payout ratio is currently 34.19%.

Insider Activity

In other news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the completion of the transaction, the chief executive officer owned 114,400 shares of the company's stock, valued at $51,925,016. The trade was a 4.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.10% of the stock is currently owned by corporate insiders.

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.