Northstar Asset Management Inc. Has $1.88 Million Stock Position in Winmark Corporation $WINA

Key Points

• Northstar Asset Management Inc. increased its stake in Winmark Corporation (NASDAQ:WINA) by 94.1% during Q1, owning a total of 5,923 shares valued at approximately $1.88 million.
• Winmark recently announced a quarterly dividend of $0.96 per share, representing an annualized yield of 0.9%.
• The company's stock has shown a price range over the past year, hitting a low of $295.79 and a high of $459.92, while currently trading around $430.07.

Northstar Asset Management Inc. lifted its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 94.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,923 shares of the specialty retailer's stock after purchasing an additional 2,871 shares during the quarter. Northstar Asset Management Inc. owned 0.17% of Winmark worth $1,883,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of WINA. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Winmark in the fourth quarter worth $31,000. Sterling Capital Management LLC grew its stake in shares of Winmark by 820.0% in the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 82 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Winmark by 147.3% in the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 81 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Winmark in the fourth quarter worth $146,000. Finally, Brevan Howard Capital Management LP bought a new position in shares of Winmark in the fourth quarter worth $247,000. Institutional investors own 73.32% of the company's stock.

Winmark Trading Down 0.3%

WINA stock traded down $1.44 during trading hours on Wednesday, hitting $431.79. 108,369 shares of the stock traded hands, compared to its average volume of 85,678. The stock has a 50-day simple moving average of $393.89 and a 200 day simple moving average of $372.98. Winmark Corporation has a one year low of $295.79 and a one year high of $459.92. The company has a market cap of $1.53 billion, a P/E ratio of 38.45 and a beta of 0.60.

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

Winmark Announces Dividend

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

Insiders Place Their Bets

In related 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 transaction of $1,703,800.00. Following the completion of the transaction, the chief financial officer owned 56,683 shares of the company's stock, valued at $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.10% of the stock is owned by corporate insiders.

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.