Liontrust Investment Partners LLP Trims Stake in Winmark Corporation $WINA

Key Points

• Liontrust Investment Partners LLP reduced its holdings in Winmark Corporation by 48.1%, now owning 5,597 shares valued at approximately $1.78 million.
• Winmark recently reported $2.89 earnings per share, slightly surpassing analysts' expectations, along with revenue of $20.42 million.
• The company declared a quarterly dividend of $0.96 per share, yielding 0.9%, scheduled for distribution to shareholders on September 2nd.

Liontrust Investment Partners LLP trimmed its stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 48.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,597 shares of the specialty retailer's stock after selling 5,186 shares during the quarter. Liontrust Investment Partners LLP owned about 0.16% of Winmark worth $1,779,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Exchange Traded Concepts LLC raised its stake in Winmark by 8.3% in the first quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock valued at $250,000 after purchasing an additional 60 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Winmark by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock valued at $652,000 after acquiring an additional 62 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in Winmark by 10.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock worth $267,000 after acquiring an additional 65 shares in the last quarter. Mariner LLC raised its holdings in Winmark by 10.0% in the 4th 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Winmark in the fourth quarter worth $31,000. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Stock Up 0.8%

WINA traded up $3.29 during midday trading on Thursday, hitting $435.08. 42,091 shares of the company were exchanged, compared to its average volume of 85,399. The firm's 50 day moving average price is $394.04 and its 200-day moving average price is $373.39. The firm has a market capitalization of $1.54 billion, a P/E ratio of 38.74 and a beta of 0.60. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $459.92.

Winmark (NASDAQ:WINA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $20.31 million.

Winmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is currently 34.19%.

Insider Buying and Selling

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly owned 56,683 shares of the company's stock, valued at $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 10.10% of the company's stock.

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.