Bank of New York Mellon Corp Sells 687 Shares of Winmark Corporation (NASDAQ:WINA)

Bank of New York Mellon Corp cut its stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,467 shares of the specialty retailer's stock after selling 687 shares during the quarter. Bank of New York Mellon Corp owned 0.55% of Winmark worth $6,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in Winmark by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 641 shares of the specialty retailer's stock worth $252,000 after buying an additional 41 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Winmark by 8.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock worth $250,000 after acquiring an additional 60 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Winmark by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock worth $652,000 after acquiring an additional 62 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of Winmark by 10.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock worth $267,000 after acquiring an additional 65 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of Winmark by 10.0% in the 4th quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock worth $340,000 after acquiring an additional 79 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.10% of the stock is owned by insiders.

Winmark Price Performance

Winmark stock traded up $2.87 during mid-day trading on Friday, hitting $383.20. The company's stock had a trading volume of 44,756 shares, compared to its average volume of 67,561. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 34.12 and a beta of 0.56. The business has a 50 day moving average price of $402.16 and a 200-day moving average price of $371.84. 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.88 by $0.01. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%. The company had revenue of $20.42 million during the quarter, compared to analyst estimates of $20.31 million.

Winmark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is 34.19%.

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.