Winmark Corporation $WINA Shares Bought by Northstar Asset Management Inc.

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. increased its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 94.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,923 shares of the specialty retailer's stock after acquiring an additional 2,871 shares during the quarter. Northstar Asset Management Inc. owned about 0.17% of Winmark worth $1,883,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WINA. LPL Financial LLC raised its stake in shares of Winmark by 32.7% during the 4th quarter. LPL Financial LLC now owns 2,171 shares of the specialty retailer's stock worth $853,000 after acquiring an additional 535 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Winmark by 23.2% during the 4th quarter. JPMorgan Chase & Co. now owns 10,747 shares of the specialty retailer's stock worth $4,224,000 after acquiring an additional 2,025 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Winmark by 4.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,080 shares of the specialty retailer's stock worth $2,783,000 after acquiring an additional 307 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Winmark by 6.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 17,991 shares of the specialty retailer's stock worth $7,072,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Winmark by 820.0% during the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 73.32% of the company's stock.

Winmark Stock Up 2.8%

Shares of NASDAQ WINA traded up $12.3250 during trading hours on Friday, hitting $451.5750. 45,761 shares of the stock were exchanged, compared to its average volume of 85,333. The firm has a fifty day moving average price of $394.24 and a 200-day moving average price of $373.81. The company has a market cap of $1.60 billion, a PE ratio of 40.25 and a beta of 0.60. Winmark Corporation has a 12 month low of $295.79 and a 12 month high of $459.92.

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

Winmark Dividend Announcement

The business 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 $0.96 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. Winmark's dividend payout ratio (DPR) is 34.19%.

Insider Buying and Selling

In related news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark 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 sale, the chief financial officer directly owned 56,683 shares in the company, valued at $24,144,123.85. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.10% of the stock is owned by company insiders.

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.