Legacy Wealth Asset Management LLC Purchases Shares of 937 Winmark Co. (NASDAQ:WINA)

Legacy Wealth Asset Management LLC bought a new position in shares of Winmark Co. (NASDAQ:WINA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 937 shares of the specialty retailer's stock, valued at approximately $298,000.

Several other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Winmark in the fourth quarter worth approximately $12,071,000. William Blair Investment Management LLC raised 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 purchasing an additional 12,755 shares during the period. Victory Capital Management Inc. boosted its stake in Winmark by 292.3% in the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock worth $6,690,000 after purchasing an additional 12,682 shares during the period. Congress Asset Management Co. increased its holdings in Winmark by 73.3% in 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 last quarter. Finally, Neuberger Berman Group LLC lifted its position in shares of Winmark by 2.0% in the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock worth $131,000,000 after buying an additional 6,521 shares in the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Trading Up 1.4%

WINA traded up $5.93 during trading hours on Thursday, hitting $426.96. The company's stock had a trading volume of 328,993 shares, compared to its average volume of 37,342. Winmark Co. has a 12 month low of $295.79 and a 12 month high of $434.87. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 39.26 and a beta of 0.54. The business's 50-day moving average price is $372.76 and its 200-day moving average price is $374.00.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.74 by ($0.03). The firm had revenue of $21.92 million during the quarter, compared to analysts' expectations of $20.91 million. Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. During the same quarter in the prior year, the company posted $2.41 earnings per share.

Winmark Increases Dividend

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

Insider Activity

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 56,683 shares in the company, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.10% of the company's stock.

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.