Vestcor Inc Has $5.72 Million Holdings in Winmark Corporation (NASDAQ:WINA)

Key Points

• Vestcor Inc has decreased its stake in Winmark Corporation by 19.2%, now holding 18,000 shares valued at approximately $5.72 million.
• Winmark reported earnings of $2.89 per share for the last quarter, exceeding estimates by $0.01, and had a net margin of 49.48%.
• The company declared a quarterly dividend of $0.96 per share, with a dividend yield of 1.00%, payable on September 2nd.

Vestcor Inc decreased its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 19.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,000 shares of the specialty retailer's stock after selling 4,284 shares during the quarter. Vestcor Inc owned 0.51% of Winmark worth $5,722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WINA. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Winmark in the 4th quarter valued at approximately $31,000. Sterling Capital Management LLC raised its position in shares of Winmark by 820.0% in the 4th 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 in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Winmark in the 4th quarter valued at approximately $146,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Winmark in the 4th quarter valued at approximately $220,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Winmark in the 4th quarter valued at approximately $236,000. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Stock Down 1.8%

Shares of NASDAQ:WINA traded down $6.68 during midday trading on Friday, hitting $370.74. The stock had a trading volume of 50,679 shares, compared to its average volume of 61,274. The company's 50-day moving average price is $397.99 and its 200-day moving average price is $371.66. The company has a market capitalization of $1.32 billion, a P/E ratio of 33.01 and a beta of 0.60. Winmark Corporation has a fifty-two week low of $295.79 and a fifty-two week high of $459.92.

Winmark (NASDAQ:WINA - Get Free Report) last posted its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.01. The firm had revenue of $20.42 million for 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 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 1.0%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio is 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.

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.