Voya Investment Management LLC Lowers Stock Position in Winmark Corporation $WINA

Voya Investment Management LLC lessened its stake in shares of Winmark Corporation (NASDAQ:WINA) by 7.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 820 shares of the specialty retailer’s stock after selling 66 shares during the quarter. Voya Investment Management LLC’s holdings in Winmark were worth $261,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Winmark by 21,093.3% during the first quarter. GAMMA Investing LLC now owns 3,179 shares of the specialty retailer’s stock worth $1,011,000 after purchasing an additional 3,164 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Winmark by 23.1% during the first quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer’s stock worth $3,549,000 after purchasing an additional 2,096 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in shares of Winmark during the first quarter worth about $298,000. Annex Advisory Services LLC lifted its position in shares of Winmark by 19.8% during the first quarter. Annex Advisory Services LLC now owns 3,352 shares of the specialty retailer’s stock worth $1,066,000 after purchasing an additional 555 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of 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 purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Insider Activity

In related news, CEO Brett D. Heffes sold 4,971 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total value of $2,256,287.19. Following the sale, the chief executive officer owned 114,400 shares of the company’s stock, valued at $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence A. Barbetta sold 852 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total transaction of $430,277.04. Following the completion of the sale, the director directly owned 649 shares in the company, valued at approximately $327,757.98. This trade represents a 56.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,264 shares of company stock worth $3,797,366 in the last three months. Corporate insiders own 10.10% of the company’s stock.

Winmark Stock Performance

Shares of WINA opened at $506.32 on Tuesday. The stock has a market capitalization of $1.80 billion, a PE ratio of 45.09 and a beta of 0.65. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $518.48. The company’s 50-day simple moving average is $444.43 and its 200-day simple moving average is $399.90.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.01. The business had revenue of $20.42 million for 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given 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 is currently 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.