Montrusco Bolton Investments Inc. Takes Position in Winmark Corporation $WINA

Key Points

• Montrusco Bolton Investments Inc. has acquired a new position in Winmark Corporation, purchasing 608 shares valued at approximately $230,000 during the second quarter.
• Recent insider sales include CEO Brett D. Heffes selling 4,971 shares, reducing his ownership by 4.16%, while Director Lawrence A. Barbetta sold 852 shares, representing a decrease of 56.76% in his stake.
• Winmark's stock has been downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)", and the company has reported a 7.6% decline in share price recently.

Montrusco Bolton Investments Inc. purchased a new position in Winmark Corporation (NASDAQ:WINA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 608 shares of the specialty retailer's stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Winmark by 1.4% in the first quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock worth $54,462,000 after buying an additional 2,382 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Winmark by 16.3% in the second quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer's stock worth $27,755,000 after buying an additional 10,292 shares during the period. Bessemer Group Inc. raised its holdings in shares of Winmark by 4.0% in the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock worth $17,525,000 after buying an additional 2,142 shares during the period. Northern Trust Corp raised its holdings in shares of Winmark by 0.9% in the first quarter. Northern Trust Corp now owns 47,076 shares of the specialty retailer's stock worth $14,964,000 after buying an additional 410 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Winmark by 11.3% in the first quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer's stock worth $10,864,000 after buying an additional 3,467 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction on 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 transaction, the chief executive officer directly owned 114,400 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the transaction, the director owned 649 shares in the company, valued at $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,264 shares of company stock worth $3,797,366 over the last quarter. Company insiders own 10.10% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Winmark from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

Winmark Stock Down 7.6%

Shares of NASDAQ WINA opened at $416.50 on Monday. The business has a fifty day simple moving average of $464.05 and a two-hundred day simple moving average of $410.33. The firm has a market cap of $1.48 billion, a PE ratio of 37.09 and a beta of 0.71. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $527.37.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates 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 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. The ex-dividend date was Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.9%. Winmark's dividend payout ratio (DPR) is currently 34.19%.

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.

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