Y Intercept Hong Kong Ltd Makes New $540,000 Investment in Winmark Corporation (NASDAQ:WINA)

Key Points

• Y Intercept Hong Kong Ltd purchased 1,699 shares of Winmark Corporation, valued at approximately $540,000, indicating growing institutional interest in the company.
• Winmark's stock recently traded at $382.25, with a market capitalization of $1.36 billion and a PE ratio of 34.04.
• The company announced a quarterly dividend of $0.96 per share, representing an annualized dividend yield of 1.00% and a payout ratio of 34.19%.

Y Intercept Hong Kong Ltd acquired a new position in Winmark Corporation (NASDAQ:WINA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,699 shares of the specialty retailer's stock, valued at approximately $540,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its holdings in shares of Winmark by 8.3% in the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Winmark by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock valued at $652,000 after acquiring an additional 62 shares during the period. Snowden Capital Advisors LLC boosted its holdings in shares of Winmark by 10.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock worth $267,000 after purchasing an additional 65 shares during the last quarter. Mariner LLC increased its position in shares of Winmark by 10.0% during the fourth quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock worth $340,000 after acquiring an additional 79 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Winmark during the fourth quarter worth about $31,000. 73.32% of the stock is owned by institutional investors and hedge funds.

Winmark Stock Up 0.1%

Shares of WINA traded up $0.29 during mid-day trading on Thursday, reaching $383.34. 14,190 shares of the company's stock were exchanged, compared to its average volume of 86,410. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 34.10 and a beta of 0.56. The company has a 50-day simple moving average of $399.69 and a two-hundred day simple moving average of $371.90. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $459.92.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.01. The business had revenue of $20.42 million for the quarter, compared to analyst estimates 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 announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 13th. Winmark's payout ratio is 34.19%.

Insider Activity

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction on 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 in the company, valued at $24,144,123.85. The trade was a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.