AlphaQuest LLC Boosts Position in Winmark Corporation $WINA

AlphaQuest LLC grew its holdings in shares of Winmark Corporation (NASDAQ:WINA) by 223.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,263 shares of the specialty retailer’s stock after purchasing an additional 873 shares during the period. AlphaQuest LLC’s holdings in Winmark were worth $401,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in WINA. Vanguard Group Inc. lifted its holdings in shares of Winmark by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer’s stock valued at $54,462,000 after acquiring an additional 2,382 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Winmark by 4.0% in the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer’s stock worth $17,525,000 after buying an additional 2,142 shares during the period. Northern Trust Corp grew its stake in shares of Winmark by 0.9% in the first quarter. Northern Trust Corp now owns 47,076 shares of the specialty retailer’s stock valued at $14,964,000 after buying an additional 410 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Winmark by 11.3% during the 1st quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer’s stock valued at $10,864,000 after buying an additional 3,467 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Winmark by 2,706.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer’s stock worth $7,958,000 after acquiring an additional 24,142 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Insider Activity at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the transaction, the chief financial officer owned 56,683 shares of the company’s stock, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.10% of the company’s stock.

Winmark Stock Up 2.0%

Shares of NASDAQ:WINA opened at $457.99 on Thursday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 40.78 and a beta of 0.60. The company has a 50 day moving average of $395.20 and a two-hundred day moving average of $375.80. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $460.64.

Winmark (NASDAQ:WINA) last posted its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, topping analysts’ consensus estimates 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 announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. Winmark’s payout ratio is presently 34.19%.

About Winmark

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.