Hsbc Holdings PLC Buys New Stake in Winmark Corporation $WINA

Hsbc Holdings PLC bought a new stake in Winmark Corporation (NASDAQ:WINA) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 745 shares of the specialty retailer’s stock, valued at approximately $233,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC raised its position in Winmark by 8.3% during 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. raised its position in Winmark by 3.9% during the fourth 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 period. Snowden Capital Advisors LLC raised its position in Winmark by 10.6% during the fourth 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Winmark during the fourth quarter worth $31,000. Finally, National Bank of Canada FI raised its position in Winmark by 147.3% during the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 81 shares during the period. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Brett D. Heffes sold 4,971 shares of the company’s stock in a transaction on 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.10% of the stock is owned by insiders.

Winmark Stock Performance

NASDAQ:WINA opened at $479.66 on Friday. The company has a fifty day moving average of $404.40 and a two-hundred day moving average of $379.97. The stock has a market capitalization of $1.70 billion, a PE ratio of 42.71 and a beta of 0.65. Winmark Corporation has a fifty-two week low of $295.79 and a fifty-two week high of $493.12.

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

Winmark Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was 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 presently 34.19%.

Winmark Company 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.