Promethium Advisors LLC Has $1.72 Million Position in Winmark Corporation $WINA

Key Points

• Promethium Advisors LLC has increased its stake in Winmark Corporation by 25.1%, now holding 5,408 shares valued at approximately $1.72 million.
• Winmark Corporation reported earnings of $2.89 per share for its last quarter, exceeding analysts' expectations by $0.01.
• The company declared a quarterly dividend of $0.96 per share, payable on September 2nd, reflecting an annual yield of 0.8%.

Promethium Advisors LLC raised its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 25.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,408 shares of the specialty retailer's stock after buying an additional 1,085 shares during the quarter. Promethium Advisors LLC owned 0.15% of Winmark worth $1,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Winmark by 7.7% in the 1st quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer's stock valued at $3,143,000 after buying an additional 708 shares during the last quarter. Walleye Capital LLC grew its holdings in Winmark by 73.9% in the 1st quarter. Walleye Capital LLC now owns 2,793 shares of the specialty retailer's stock valued at $888,000 after buying an additional 1,187 shares during the last quarter. Bahl & Gaynor Inc. acquired a new stake in Winmark in the 1st quarter valued at approximately $2,094,000. AlphaQuest LLC grew its holdings in shares of Winmark by 223.8% during the 1st quarter. AlphaQuest LLC now owns 1,263 shares of the specialty retailer's stock worth $401,000 after purchasing an additional 873 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of Winmark by 1.8% during the 1st quarter. Kestra Advisory Services LLC now owns 5,996 shares of the specialty retailer's stock worth $1,906,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Stock Performance

Shares of NASDAQ:WINA traded down $0.03 during trading on Friday, hitting $479.66. 69,978 shares of the stock were exchanged, compared to its average volume of 73,988. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $493.12. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 42.71 and a beta of 0.65. The company's fifty day simple moving average is $404.40 and its 200-day simple moving average is $379.97.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, topping 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 company had revenue of $20.42 million for the quarter, compared to analyst estimates of $20.31 million.

Winmark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is presently 34.19%.

Insider Buying and Selling at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the sale, the chief executive officer owned 114,400 shares of the company's stock, valued at approximately $51,925,016. This trade represents a 4.16% 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. Insiders own 10.10% of the company's stock.

About Winmark

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.