Nuveen LLC Invests $2.93 Million in Winmark Corporation $WINA

Key Points

• Nuveen LLC has acquired 9,201 shares of Winmark Corporation, valuing the stake at approximately $2,925,000, representing about 0.26% of the company.
• Multiple institutional investors have increased their holdings in Winmark, with notable increases of 2,706.5% by Allspring Global Investments and 172.6% by Deutsche Bank AG in the first quarter.
• Winmark announced a quarterly dividend of $0.96 per share, with a payout ratio of 34.19%, to be paid on September 2nd.

Nuveen LLC acquired a new stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,201 shares of the specialty retailer's stock, valued at approximately $2,925,000. Nuveen LLC owned about 0.26% of Winmark as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of WINA. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Winmark during the 4th quarter valued at about $31,000. National Bank of Canada FI raised its stake in shares of Winmark by 147.3% during 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 last quarter. Point72 Asset Management L.P. purchased a new position in shares of Winmark during the 4th quarter valued at about $146,000. Brevan Howard Capital Management LP purchased a new position in shares of Winmark during the 4th quarter valued at about $247,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Winmark by 8.3% during the 1st 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 last quarter. Hedge funds and other institutional investors own 73.32% of the company's stock.

Winmark Trading Up 0.4%

Shares of NASDAQ WINA traded up $1.94 during trading on Friday, reaching $463.84. 58,844 shares of the company traded hands, compared to its average volume of 75,097. The firm's fifty day simple moving average is $395.82 and its 200 day simple moving average is $376.83. The stock has a market cap of $1.65 billion, a P/E ratio of 41.30 and a beta of 0.60. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $466.22.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings data 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 13th. Winmark's payout ratio is currently 34.19%.

Insider Buying and Selling at Winmark

In related 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 in the company, valued at $51,925,016. The trade was a 4.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.