Algert Global LLC Sells 5,410 Shares of Winmark Co. (NASDAQ:WINA)

Algert Global LLC lowered its stake in Winmark Co. (NASDAQ:WINA - Free Report) by 46.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,357 shares of the specialty retailer's stock after selling 5,410 shares during the quarter. Algert Global LLC owned 0.18% of Winmark worth $2,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in Winmark in the second quarter worth approximately $36,000. Comerica Bank boosted its holdings in Winmark by 673.1% in the first quarter. Comerica Bank now owns 201 shares of the specialty retailer's stock worth $73,000 after purchasing an additional 175 shares during the last quarter. Gladius Capital Management LP boosted its holdings in Winmark by 116.8% in the second quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer's stock worth $73,000 after purchasing an additional 111 shares during the last quarter. Finally, nVerses Capital LLC purchased a new stake in Winmark in the third quarter worth approximately $77,000. Hedge funds and other institutional investors own 73.32% of the company's stock.

Winmark Price Performance

Shares of Winmark stock opened at $419.85 on Wednesday. The company's fifty day simple moving average is $383.75 and its 200-day simple moving average is $371.24. The stock has a market capitalization of $1.48 billion, a PE ratio of 38.41 and a beta of 0.80. Winmark Co. has a 1-year low of $330.25 and a 1-year high of $451.30.

Winmark (NASDAQ:WINA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $21.51 million for the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Winmark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a dividend of $8.40 per share. This is a boost from Winmark's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a dividend yield of 8.00%. Winmark's payout ratio is 32.94%.

Insider Activity at Winmark

In related news, major shareholder Ronald G. Olson sold 3,659 shares of Winmark stock in a transaction on Monday, November 25th. The shares were sold at an average price of $424.21, for a total transaction of $1,552,184.39. Following the transaction, the insider now owns 146,335 shares in the company, valued at approximately $62,076,770.35. The trade was a 2.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony D. Ishaug sold 2,400 shares of Winmark stock in a transaction on Friday, October 18th. The shares were sold at an average price of $382.59, for a total transaction of $918,216.00. Following the transaction, the chief financial officer now owns 53,875 shares in the company, valued at approximately $20,612,036.25. This trade represents a 4.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,300 shares of company stock worth $4,158,071. 10.60% of the stock is owned by corporate insiders.

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.