Winmark Corporation $WINA Shares Bought by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Winmark Corporation by 23.1%, owning 11,164 shares worth approximately $3.55 million as of the latest reporting period.
• Winmark recently declared a quarterly dividend of $0.96 per share, representing an annualized dividend yield of 0.8%.
• The company's stock traded at $498.25, showing a 12-month range of $295.79 to $518.48, with a market capitalization of $1.77 billion.

Rhumbline Advisers grew its stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 23.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,164 shares of the specialty retailer's stock after purchasing an additional 2,096 shares during the quarter. Rhumbline Advisers owned about 0.32% of Winmark worth $3,549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its stake in Winmark by 8.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock valued at $250,000 after purchasing an additional 60 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Winmark by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock worth $652,000 after purchasing an additional 62 shares in the last quarter. Snowden Capital Advisors LLC increased its stake in shares of Winmark by 10.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock valued at $267,000 after buying an additional 65 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Winmark during the 4th quarter valued at about $31,000. Finally, National Bank of Canada FI boosted its position 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 purchasing an additional 81 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors.

Insider Transactions at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 114,400 shares of the company's stock, valued at approximately $51,925,016. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence A. Barbetta sold 852 shares of the 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 sale, the director owned 649 shares in the company, valued at approximately $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,264 shares of company stock valued at $3,797,366. 10.10% of the stock is currently owned by corporate insiders.

Winmark Trading Down 1.8%

Shares of NASDAQ:WINA traded down $9.32 during mid-day trading on Friday, hitting $505.63. 171,959 shares of the company traded hands, compared to its average volume of 72,603. The stock has a 50-day moving average price of $429.60 and a two-hundred day moving average price of $391.02. The stock has a market cap of $1.79 billion, a P/E ratio of 45.02 and a beta of 0.65. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $518.48.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.01. The firm had revenue of $20.42 million for 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 company also recently disclosed 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 0.8%. The ex-dividend date was Wednesday, August 13th. Winmark's dividend payout ratio is presently 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.