Rockefeller Capital Management L.P. purchased a new position in shares of Winmark Co. (NASDAQ:WINA - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 23,943 shares of the specialty retailer's stock, valued at approximately $9,168,000. Rockefeller Capital Management L.P. owned 0.68% of Winmark as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Winmark by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer's stock worth $58,837,000 after purchasing an additional 3,594 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Winmark by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 816 shares of the specialty retailer's stock valued at $296,000 after acquiring an additional 103 shares in the last quarter. Comerica Bank grew its holdings in shares of Winmark by 673.1% in the first quarter. Comerica Bank now owns 201 shares of the specialty retailer's stock valued at $73,000 after acquiring an additional 175 shares in the last quarter. CWM LLC grew its holdings in shares of Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer's stock valued at $36,000 after acquiring an additional 67 shares in the last quarter. Finally, Gladius Capital Management LP grew its holdings in shares of Winmark by 116.8% in the second quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer's stock valued at $73,000 after acquiring an additional 111 shares in the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.
Winmark Trading Up 1.4 %
Shares of WINA stock traded up $5.88 during trading on Wednesday, hitting $414.98. The company's stock had a trading volume of 10,473 shares, compared to its average volume of 26,110. The business has a fifty day moving average of $388.32 and a 200-day moving average of $372.93. Winmark Co. has a 52 week low of $330.25 and a 52 week high of $451.30. The company has a market cap of $1.46 billion, a PE ratio of 37.43 and a beta of 0.83.
Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data 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). 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 business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were given a dividend of $8.40 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $33.60 annualized dividend and a dividend yield of 8.10%. This is an increase from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio is currently 32.94%.
Insiders Place Their Bets
In related news, major shareholder Ronald G. Olson sold 3,659 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $424.21, for a total value of $1,552,184.39. Following the sale, the insider now owns 146,335 shares in the company, valued at approximately $62,076,770.35. This trade represents a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Anthony D. Ishaug sold 2,400 shares of the stock in a transaction on Friday, October 18th. The stock was sold at an average price of $382.59, for a total value of $918,216.00. Following the completion of the sale, the chief financial officer now owns 53,875 shares in the company, valued at $20,612,036.25. This trade represents a 4.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,300 shares of company stock worth $4,158,071 over the last 90 days. Corporate insiders own 10.60% of the company's stock.
About Winmark
(
Free Report)
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.
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