Winmark Corporation $WINA Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has increased its stake in Winmark Corporation by 115.0%, owning 2,574 shares valued at approximately $818,000 following the acquisition of an additional 1,377 shares.
• CEO Brett D. Heffes sold nearly 5,000 shares of Winmark stock for over $2.25 million, resulting in a 4.16% decrease in his holdings.
• The company reported Q2 earnings of $2.89 per share, slightly surpassing analyst expectations, with a net margin of 49.48%.

Russell Investments Group Ltd. boosted its holdings in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 115.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,574 shares of the specialty retailer's stock after buying an additional 1,377 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of Winmark worth $818,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WINA. Mariner LLC increased its holdings in Winmark by 10.0% during the fourth quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock valued at $340,000 after buying an additional 79 shares during the period. MetLife Investment Management LLC increased its holdings in Winmark by 6.0% during the fourth quarter. MetLife Investment Management LLC now owns 1,753 shares of the specialty retailer's stock valued at $689,000 after buying an additional 99 shares during the period. Stifel Financial Corp increased its holdings in Winmark by 9.5% during the fourth quarter. Stifel Financial Corp now owns 4,337 shares of the specialty retailer's stock valued at $1,705,000 after buying an additional 376 shares during the period. Susquehanna International Group LLP increased its holdings in Winmark by 138.3% during the fourth quarter. Susquehanna International Group LLP now owns 4,397 shares of the specialty retailer's stock valued at $1,728,000 after buying an additional 2,552 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Winmark by 18.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,141 shares of the specialty retailer's stock valued at $449,000 after buying an additional 180 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total value of $2,256,287.19. Following the completion of the sale, the chief executive officer directly owned 114,400 shares in the company, valued at $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.10% of the stock is currently owned by company insiders.

Winmark Stock Up 0.4%

WINA stock traded up $1.94 during trading on Monday, hitting $463.84. 58,844 shares of the company's stock traded hands, compared to its average volume of 75,506. The firm has a market capitalization of $1.65 billion, a P/E ratio of 41.30 and a beta of 0.65. The business has a fifty day simple moving average of $397.06 and a two-hundred day simple moving average of $377.40. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $466.22.

Winmark (NASDAQ:WINA - Get Free Report) last announced its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.01. The company had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%.

Winmark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is 34.19%.

Winmark Company 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.