Neuberger Berman Group LLC decreased its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,807 shares of the specialty retailer's stock after selling 5,466 shares during the quarter. Neuberger Berman Group LLC owned 9.28% of Winmark worth $104,200,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Winmark by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock valued at $54,462,000 after buying an additional 2,382 shares in the last quarter. Nine Ten Capital Management LLC lifted its stake in Winmark by 5.5% in the 4th quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer's stock valued at $32,979,000 after buying an additional 4,400 shares in the last quarter. Geode Capital Management LLC lifted its stake in Winmark by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer's stock valued at $28,092,000 after buying an additional 266 shares in the last quarter. Bessemer Group Inc. lifted its stake in Winmark by 4.0% in the 1st quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock valued at $17,525,000 after buying an additional 2,142 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Winmark by 5.8% in the 4th quarter. Northern Trust Corp now owns 46,666 shares of the specialty retailer's stock valued at $18,343,000 after buying an additional 2,577 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company's stock.
Insiders Place Their Bets
In other news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated 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 owned 56,683 shares of the company's stock, valued at approximately $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.10% of the stock is currently owned by insiders.
Winmark Stock Performance
WINA stock traded up $1.53 on Friday, reaching $430.07. The company had a trading volume of 113,908 shares, compared to its average volume of 59,401. The company's fifty day moving average is $393.30 and its 200 day moving average is $372.35. The company has a market cap of $1.53 billion, a P/E ratio of 38.30 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 for the quarter, beating the consensus estimate of $2.88 by $0.01. The company had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.
Winmark Announces Dividend
The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th. Winmark's dividend payout ratio is presently 34.19%.
Winmark Profile
(
Free Report)
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.
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