Laurus Investment Counsel Inc. Sells 2,340 Shares of Winmark Co. (NASDAQ:WINA)

Laurus Investment Counsel Inc. decreased its position in shares of Winmark Co. (NASDAQ:WINA) by 16.8% in the 4th quarter, HoldingsChannel reports. The firm owned 11,620 shares of the specialty retailer’s stock after selling 2,340 shares during the quarter. Winmark accounts for 2.3% of Laurus Investment Counsel Inc.’s portfolio, making the stock its 14th largest holding. Laurus Investment Counsel Inc.’s holdings in Winmark were worth $4,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Winmark by 91.3% in the third quarter. Tower Research Capital LLC TRC now owns 132 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 63 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of Winmark in the second quarter worth about $45,000. Huntington National Bank increased its stake in shares of Winmark by 28.0% in the second quarter. Huntington National Bank now owns 137 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 30 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Winmark in the first quarter valued at approximately $47,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Winmark in the first quarter valued at approximately $55,000. Institutional investors own 73.32% of the company’s stock.

Winmark Price Performance

Winmark stock opened at $359.19 on Thursday. The business has a 50 day moving average of $365.25 and a 200-day moving average of $392.75. Winmark Co. has a 1 year low of $303.99 and a 1 year high of $451.30. The company has a market capitalization of $1.26 billion, a P/E ratio of 32.56 and a beta of 0.86.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, February 21st. The specialty retailer reported $2.64 earnings per share for the quarter. The business had revenue of $20.04 million during the quarter. Winmark had a net margin of 48.27% and a negative return on equity of 83.98%.

Winmark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Tuesday, February 13th. Winmark’s dividend payout ratio is presently 29.01%.

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.