Russell Investments Group Ltd. Grows Holdings in Winmark Corporation $WINA

Russell Investments Group Ltd. raised its position in Winmark Corporation (NASDAQ:WINA) by 115.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,574 shares of the specialty retailer’s stock after purchasing an additional 1,377 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Winmark worth $818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WINA. Point72 Asia Singapore Pte. Ltd. purchased a new position in Winmark in the 4th quarter valued at about $31,000. National Bank of Canada FI lifted its holdings in Winmark by 147.3% in the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Winmark in the 4th quarter valued at about $146,000. Brevan Howard Capital Management LP acquired a new position in shares of Winmark during the 4th quarter valued at about $247,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Winmark by 8.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer’s stock valued at $250,000 after acquiring an additional 60 shares during the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the completion of the transaction, the chief executive officer owned 114,400 shares of the company’s stock, valued at $51,925,016. This represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.10% of the stock is currently owned by corporate insiders.

Winmark Price Performance

NASDAQ WINA opened at $463.84 on Friday. Winmark Corporation has a 12 month low of $295.79 and a 12 month high of $466.22. The company has a 50-day moving average of $395.82 and a 200-day moving average of $376.84. The company has a market cap of $1.65 billion, a P/E ratio of 41.30 and a beta of 0.60.

Winmark (NASDAQ:WINA) last posted its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The company had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million.

Winmark Dividend Announcement

The business 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. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. Winmark’s dividend payout ratio is currently 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.