Victory Capital Management Inc. Sells 3,773 Shares of Winmark Corporation (NASDAQ:WINA)

Key Points

• Victory Capital Management Inc. reduced its stake in Winmark Corporation by 22.2%, owning 13,247 shares valued at $4.21 million at the end of the first quarter.
• Winmark's quarterly earnings report showed EPS of $2.89, slightly beating estimates, with a net margin of 49.48% and revenue of $20.42 million.
• The company declared a quarterly dividend of $0.96, representing a 1.00% dividend yield and a payout ratio of 34.19%.

Victory Capital Management Inc. lessened its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 22.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,247 shares of the specialty retailer's stock after selling 3,773 shares during the period. Victory Capital Management Inc. owned approximately 0.38% of Winmark worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its position in Winmark by 2.0% during the 4th quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock worth $131,000,000 after purchasing an additional 6,521 shares in the last quarter. Vanguard Group Inc. increased its position in Winmark by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer's stock worth $66,410,000 after purchasing an additional 1,389 shares in the last quarter. Nine Ten Capital Management LLC increased its position in Winmark by 5.5% during the 4th quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer's stock worth $32,979,000 after purchasing an additional 4,400 shares in the last quarter. Geode Capital Management LLC increased its position in Winmark by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer's stock worth $28,092,000 after purchasing an additional 266 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Winmark by 4.0% in the 1st quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock valued at $17,525,000 after acquiring an additional 2,142 shares during the period. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Stock Down 0.1%

NASDAQ WINA traded down $0.50 on Thursday, hitting $382.55. The company's stock had a trading volume of 13,429 shares, compared to its average volume of 86,383. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $459.92. The company's 50-day moving average is $399.69 and its 200 day moving average is $371.90. The firm has a market cap of $1.36 billion, a PE ratio of 34.10 and a beta of 0.56.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly 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. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The firm had revenue of $20.42 million during the quarter, compared to analysts' expectations of $20.31 million.

Winmark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is currently 34.19%.

Insider Transactions at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the transaction, the chief financial officer directly owned 56,683 shares in the company, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.10% of the company's stock.

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.