Mariner LLC Buys 79 Shares of Winmark Co. (NASDAQ:WINA)

Mariner LLC raised its stake in shares of Winmark Co. (NASDAQ:WINA) by 10.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 866 shares of the specialty retailer’s stock after buying an additional 79 shares during the quarter. Mariner LLC’s holdings in Winmark were worth $340,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Congress Asset Management Co. raised its position in shares of Winmark by 73.3% in the 4th quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer’s stock worth $6,220,000 after purchasing an additional 6,690 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Winmark in the fourth quarter worth about $351,000. Northstar Asset Management Inc. bought a new position in shares of Winmark in the fourth quarter worth approximately $1,200,000. Barclays PLC grew its holdings in shares of Winmark by 117.7% during the third quarter. Barclays PLC now owns 6,073 shares of the specialty retailer’s stock valued at $2,325,000 after buying an additional 3,284 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Winmark by 1,087.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 736 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 674 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

Winmark Stock Down 0.5 %

Shares of NASDAQ WINA opened at $360.23 on Friday. The company has a 50 day moving average of $331.20 and a 200 day moving average of $370.58. Winmark Co. has a twelve month low of $295.79 and a twelve month high of $431.67. The firm has a market cap of $1.27 billion, a P/E ratio of 33.08 and a beta of 0.64.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.03). Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The business had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. During the same period in the previous year, the company earned $2.41 earnings per share.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th will be paid a $0.96 dividend. The ex-dividend date is Wednesday, May 14th. This is a positive change from Winmark’s previous quarterly dividend of $0.90. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.07%. Winmark’s payout ratio is currently 34.32%.

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.