Vancity Investment Management Ltd Invests $3.46 Million in Winmark Corporation $WINA

Key Points

• Vancity Investment Management Ltd purchased 10,898 shares of Winmark Corporation valued at approximately $3.46 million, representing 0.31% ownership.
• Other large investors, such as Allspring Global Investments and Select Equity Group, significantly increased their stakes in Winmark, contributing to institutional investors owning 73.32% of the stock.
• Winmark recently paid a quarterly dividend of $0.96 per share, equating to an annualized yield of 0.8% and a payout ratio of 34.19%.

Vancity Investment Management Ltd bought a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,898 shares of the specialty retailer's stock, valued at approximately $3,464,000. Vancity Investment Management Ltd owned about 0.31% of Winmark at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Winmark by 1.4% in the first quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock valued at $54,462,000 after purchasing an additional 2,382 shares during the last quarter. Bessemer Group Inc. increased its stake in Winmark by 4.0% in the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock valued at $17,525,000 after purchasing an additional 2,142 shares during the last quarter. Northern Trust Corp increased its stake in Winmark by 0.9% in the first quarter. Northern Trust Corp now owns 47,076 shares of the specialty retailer's stock valued at $14,964,000 after purchasing an additional 410 shares during the last quarter. Raymond James Financial Inc. increased its stake in Winmark by 11.3% in the first quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer's stock valued at $10,864,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Winmark by 2,706.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after acquiring an additional 24,142 shares during the period. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of the company's 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 sale, the chief executive officer owned 114,400 shares of the company's stock, valued at $51,925,016. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.10% of the stock is owned by insiders.

Winmark Price Performance

WINA stock traded down $25.01 during trading on Friday, reaching $488.95. 93,776 shares of the stock traded hands, compared to its average volume of 74,374. The business's 50 day moving average price is $415.70 and its 200-day moving average price is $384.96. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $518.48. The firm has a market capitalization of $1.74 billion, a PE ratio of 43.54 and a beta of 0.65.

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

Winmark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. Winmark's dividend payout ratio is presently 34.19%.

Winmark 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.