TrueMark Investments LLC Purchases New Position in Winmark Corporation (NASDAQ:WINA)

TrueMark Investments LLC acquired a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 1,533 shares of the specialty retailer's stock, valued at approximately $487,000.

A number of other hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in shares of Winmark in the fourth quarter worth $351,000. Cavalier Investments LLC lifted its holdings in Winmark by 2.8% during the 4th quarter. Cavalier Investments LLC now owns 1,742 shares of the specialty retailer's stock worth $685,000 after purchasing an additional 48 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in Winmark by 2.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,467 shares of the specialty retailer's stock worth $1,363,000 after purchasing an additional 80 shares during the period. Smartleaf Asset Management LLC grew its holdings in Winmark by 145.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock valued at $93,000 after buying an additional 141 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Winmark by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,246 shares of the specialty retailer's stock valued at $9,530,000 after buying an additional 179 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Trading Down 1.3%

Shares of Winmark stock opened at $444.29 on Monday. The company's 50-day moving average price is $399.00 and its 200-day moving average price is $375.74. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 39.70 and a beta of 0.61. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $459.93.

Winmark (NASDAQ:WINA - Get Free Report) last posted its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.74 by ($0.03). The firm had revenue of $21.92 million during the quarter, compared to analysts' expectations of $20.91 million. Winmark had a negative return on equity of 95.03% and a net margin of 49.45%. During the same quarter in the prior year, the company earned $2.41 earnings per share.

Winmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were paid a dividend of $0.96 per share. This is a positive change from Winmark's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $3.84 annualized dividend and a yield of 0.86%. Winmark's dividend payout ratio (DPR) is currently 34.32%.

Insider Buying and Selling

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $425.95, for a total value of $1,703,800.00. Following the sale, the chief financial officer now owns 56,683 shares of the company's stock, valued at $24,144,123.85. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.10% of the stock is owned by company insiders.

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.

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