Algert Global LLC Reduces Stock Position in Winmark Co. (NASDAQ:WINA)

Algert Global LLC trimmed its holdings in Winmark Co. (NASDAQ:WINA) by 46.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,357 shares of the specialty retailer’s stock after selling 5,410 shares during the period. Algert Global LLC owned approximately 0.18% of Winmark worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of WINA. Eagle Asset Management Inc. boosted its holdings in shares of Winmark by 14.2% in the third quarter. Eagle Asset Management Inc. now owns 21,372 shares of the specialty retailer’s stock worth $8,772,000 after acquiring an additional 2,655 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Winmark by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 24,067 shares of the specialty retailer’s stock worth $9,216,000 after purchasing an additional 555 shares during the period. Intech Investment Management LLC bought a new position in Winmark in the 3rd quarter worth about $271,000. Victory Capital Management Inc. increased its position in shares of Winmark by 16.4% during the third quarter. Victory Capital Management Inc. now owns 4,338 shares of the specialty retailer’s stock valued at $1,661,000 after buying an additional 612 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Winmark during the third quarter valued at about $5,102,000. Institutional investors own 73.32% of the company’s stock.

Insider Activity

In related news, CFO Anthony D. Ishaug sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $382.59, for a total value of $918,216.00. Following the sale, the chief financial officer now directly owns 53,875 shares of the company’s stock, valued at $20,612,036.25. This trade represents a 4.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Ronald G. Olson sold 2,741 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $407.70, for a total transaction of $1,117,505.70. Following the completion of the transaction, the insider now directly owns 149,994 shares of the company’s stock, valued at approximately $61,152,553.80. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,300 shares of company stock worth $4,158,071. 10.60% of the stock is currently owned by insiders.

Winmark Trading Down 0.6 %

WINA stock opened at $419.85 on Wednesday. The firm has a 50 day moving average of $383.75 and a 200-day moving average of $371.24. The firm has a market capitalization of $1.48 billion, a P/E ratio of 38.19 and a beta of 0.80. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $451.30.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Winmark had a net margin of 49.02% and a negative return on equity of 85.43%. The firm had revenue of $21.51 million for the quarter.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a $8.40 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $33.60 annualized dividend and a dividend yield of 8.00%. This is a boost from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio (DPR) is presently 32.94%.

Winmark 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.