Congress Asset Management Co. MA Buys Shares of 5,764 Winmark Co. (NASDAQ:WINA)

Congress Asset Management Co. MA bought a new stake in shares of Winmark Co. (NASDAQ:WINA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,764 shares of the specialty retailer's stock, valued at approximately $2,085,000. Congress Asset Management Co. MA owned about 0.16% of Winmark at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WINA. Algert Global LLC lifted its stake in Winmark by 0.7% in the third quarter. Algert Global LLC now owns 3,358 shares of the specialty retailer's stock valued at $1,253,000 after purchasing an additional 24 shares during the last quarter. Principal Financial Group Inc. raised its stake in Winmark by 9.8% in the 4th quarter. Principal Financial Group Inc. now owns 774 shares of the specialty retailer's stock valued at $323,000 after acquiring an additional 69 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in Winmark during the fourth quarter valued at about $29,000. Brandywine Global Investment Management LLC boosted its position in Winmark by 1.7% during the third quarter. Brandywine Global Investment Management LLC now owns 6,100 shares of the specialty retailer's stock worth $2,276,000 after purchasing an additional 100 shares during the period. Finally, Swiss National Bank increased its stake in shares of Winmark by 1.6% in the third quarter. Swiss National Bank now owns 6,500 shares of the specialty retailer's stock worth $2,425,000 after purchasing an additional 100 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total value of $1,546,040.00. Following the transaction, the chief financial officer now directly owns 51,783 shares in the company, valued at approximately $20,014,647.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $386.51, for a total value of $1,546,040.00. Following the completion of the transaction, the chief financial officer now owns 51,783 shares of the company's stock, valued at approximately $20,014,647.33. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brett D. Heffes sold 8,290 shares of the firm's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the sale, the chief executive officer now owns 110,000 shares in the company, valued at approximately $41,034,400. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by company insiders.

Winmark Stock Up 0.6 %

WINA traded up $2.07 during trading on Friday, reaching $357.20. 69,067 shares of the company were exchanged, compared to its average volume of 18,236. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 32.62 and a beta of 0.81. Winmark Co. has a 12-month low of $314.09 and a 12-month high of $451.30. The company's 50-day moving average is $359.12 and its two-hundred day moving average is $370.66.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings data on Wednesday, April 17th. The specialty retailer reported $2.41 EPS for the quarter. The company had revenue of $20.11 million during the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were given a dividend of $0.90 per share. This is a positive change from Winmark's previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, May 14th. Winmark's payout ratio is 32.88%.

Analyst Upgrades and Downgrades

Separately, Maxim Group initiated coverage on shares of Winmark in a research note on Thursday, June 13th. They set a "buy" rating and a $445.00 price target on the stock.

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.