Winmark Corporation $WINA Shares Sold by Laurus Global Equity Management Inc.

Laurus Global Equity Management Inc. lessened its position in shares of Winmark Corporation (NASDAQ:WINA) by 36.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,880 shares of the specialty retailer’s stock after selling 2,240 shares during the quarter. Winmark comprises 1.3% of Laurus Global Equity Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Laurus Global Equity Management Inc. owned about 0.11% of Winmark worth $1,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WINA. Geneos Wealth Management Inc. increased its holdings in shares of Winmark by 775.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 62 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Winmark during the 2nd quarter worth $43,000. CWM LLC increased its stake in Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 122 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Winmark in the third quarter valued at about $95,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock worth $80,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Trading Up 0.0%

NASDAQ WINA opened at $460.00 on Thursday. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 41.00 and a beta of 0.69. The business’s 50 day moving average is $426.29 and its two-hundred day moving average is $433.04. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $527.37.

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 11th will be given a $0.96 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $3.84 annualized dividend and a yield of 0.8%. Winmark’s dividend payout ratio is presently 34.22%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Winmark in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Winmark Company Profile

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.