Legacy Wealth Asset Management LLC Makes New $298,000 Investment in Winmark Co. (NASDAQ:WINA)

Legacy Wealth Asset Management LLC purchased a new position in Winmark Co. (NASDAQ:WINA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 937 shares of the specialty retailer's stock, valued at approximately $298,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Winmark in the fourth quarter worth about $31,000. Sterling Capital Management LLC lifted its stake in Winmark by 820.0% in the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 82 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Winmark by 145.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock worth $93,000 after purchasing an additional 141 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Winmark in the fourth quarter worth about $146,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Winmark in the fourth quarter worth about $220,000. Hedge funds and other institutional investors own 73.32% of the company's stock.

Insider Activity

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the transaction, the chief financial officer now owns 56,683 shares of the company's stock, valued at $24,144,123.85. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.10% of the company's stock.

Winmark Stock Performance

NASDAQ WINA traded up $7.43 during trading on Thursday, hitting $428.46. The stock had a trading volume of 915,091 shares, compared to its average volume of 39,636. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 39.34 and a beta of 0.54. Winmark Co. has a one year low of $295.79 and a one year high of $434.87. The stock has a 50 day simple moving average of $374.97 and a 200 day simple moving average of $374.20.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly 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). Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The company had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. During the same period in the prior year, the firm posted $2.41 EPS.

Winmark Increases Dividend

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

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.