Rhumbline Advisers Raises Position in Winmark Corporation (NASDAQ:WINA)

Rhumbline Advisers grew its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,164 shares of the specialty retailer's stock after buying an additional 2,096 shares during the quarter. Rhumbline Advisers owned 0.32% of Winmark worth $3,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Winmark during the fourth quarter valued at approximately $31,000. Sterling Capital Management LLC grew its holdings in shares of Winmark by 820.0% during the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock valued at $36,000 after buying an additional 82 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock valued at $93,000 after purchasing an additional 141 shares during the period. Point72 Asset Management L.P. bought a new position in Winmark during the fourth quarter valued at approximately $146,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Winmark during the fourth quarter valued at approximately $220,000. Hedge funds and other institutional investors own 73.32% of the company's stock.

Insider Activity at Winmark

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

Winmark Price Performance

Winmark stock traded up $6.30 during midday trading on Wednesday, reaching $450.34. 174,776 shares of the company traded hands, compared to its average volume of 53,669. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 40.24 and a beta of 0.61. The business has a 50 day moving average of $394.40 and a two-hundred day moving average of $375.70. 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 issued its quarterly earnings data on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). The company had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. Winmark had a net margin of 49.45% and a negative return on equity of 95.03%. During the same quarter last year, the company earned $2.41 EPS.

Winmark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were given a dividend of $0.96 per share. This is an increase 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 dividend on an annualized basis and a yield of 0.85%. Winmark's dividend payout ratio is 34.32%.

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.