Congress Asset Management Co. Increases Stock Position in Winmark Co. (NASDAQ:WINA)

Congress Asset Management Co. increased its position in shares of Winmark Co. (NASDAQ:WINA - Free Report) by 73.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,823 shares of the specialty retailer's stock after acquiring an additional 6,690 shares during the period. Congress Asset Management Co. owned approximately 0.45% of Winmark worth $6,220,000 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 the company. CWM LLC grew its stake in Winmark by 110.9% in the 3rd quarter. CWM LLC now owns 213 shares of the specialty retailer's stock worth $82,000 after buying an additional 112 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Winmark in the 3rd quarter worth approximately $304,000. nVerses Capital LLC purchased a new position in Winmark in the 3rd quarter worth approximately $77,000. Copeland Capital Management LLC grew its stake in Winmark by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 63,630 shares of the specialty retailer's stock worth $24,366,000 after buying an additional 162 shares in the last quarter. Finally, Cavalier Investments LLC grew its stake in Winmark by 4.2% in the 3rd quarter. Cavalier Investments LLC now owns 1,694 shares of the specialty retailer's stock worth $649,000 after buying an additional 69 shares in the last quarter. Institutional investors own 73.32% of the company's stock.

Insider Activity

In other news, major shareholder Ronald G. Olson sold 3,659 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $424.21, for a total value of $1,552,184.39. Following the completion of the sale, the insider now owns 146,335 shares of the company's stock, valued at approximately $62,076,770.35. This represents a 2.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.60% of the stock is owned by corporate insiders.

Winmark Price Performance

WINA stock traded down $13.60 during midday trading on Friday, reaching $338.43. The company had a trading volume of 29,933 shares, compared to its average volume of 19,372. Winmark Co. has a 1 year low of $330.25 and a 1 year high of $431.67. The company has a market capitalization of $1.19 billion, a P/E ratio of 31.08 and a beta of 0.82. The firm has a 50-day moving average price of $387.38 and a 200-day moving average price of $382.91.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $2.60 EPS for the quarter, missing analysts' consensus estimates of $2.65 by ($0.05). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The company had revenue of $19.55 million during the quarter, compared to analysts' expectations of $20.25 million.

Winmark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th will be paid a $0.90 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.06%. Winmark's dividend payout ratio (DPR) is 33.06%.

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.