Laurus Global Equity Management Inc. Cuts Stock Position in Winmark Corporation $WINA

Key Points

• Laurus Global Equity Management Inc. decreased its stock position in Winmark Corporation by 41.7% during the 2nd quarter, now holding 6,120 shares valued around $2.31 million.
• Winmark reported earnings of $2.89 per share for the last quarter, exceeding estimates slightly, and declared a quarterly dividend of $0.96.
• Insider selling occurred with Director Lawrence A. Barbetta selling 852 shares and CEO Brett D. Heffes selling nearly 5,000 shares, indicating a decrease in their personal holdings.

Laurus Global Equity Management Inc. reduced its position in Winmark Corporation (NASDAQ:WINA - Free Report) by 41.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,120 shares of the specialty retailer's stock after selling 4,370 shares during the quarter. Winmark comprises about 1.5% of Laurus Global Equity Management Inc.'s holdings, making the stock its 15th largest position. Laurus Global Equity Management Inc. owned approximately 0.17% of Winmark worth $2,311,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings 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 purchasing an additional 60 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Winmark by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer's stock worth $552,000 after buying an additional 77 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Winmark by 147.3% in the 1st 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. Kestra Advisory Services LLC boosted its stake in shares of Winmark by 1.8% in the first quarter. Kestra Advisory Services LLC now owns 5,996 shares of the specialty retailer's stock valued at $1,906,000 after buying an additional 107 shares in the last quarter. Finally, Annex Advisory Services LLC grew its holdings in Winmark by 4.9% during the second quarter. Annex Advisory Services LLC now owns 3,515 shares of the specialty retailer's stock worth $1,327,000 after acquiring an additional 163 shares during the period. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Trading Down 1.1%

Shares of NASDAQ WINA opened at $512.35 on Monday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 45.62 and a beta of 0.71. The company's 50-day moving average price is $454.81 and its 200 day moving average price is $405.20. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $527.37.

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, beating the consensus estimate of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The business had revenue of $20.42 million for the quarter, compared to analyst estimates of $20.31 million.

Winmark Dividend Announcement

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

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Winmark in a research note on Saturday, September 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy".

Insider Buying and Selling at Winmark

In other news, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total transaction of $430,277.04. Following the completion of the sale, the director directly owned 649 shares in the company, valued at $327,757.98. The trade was a 56.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brett D. Heffes sold 4,971 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the transaction, the chief executive officer directly owned 114,400 shares in the company, valued at $51,925,016. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,264 shares of company stock worth $3,797,366 over the last 90 days. Company insiders own 10.10% of the company's stock.

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.

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