Bank of New York Mellon Corp Reduces Stake in Winmark Co. (NASDAQ:WINA)

Bank of New York Mellon Corp reduced its position in shares of Winmark Co. (NASDAQ:WINA - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,154 shares of the specialty retailer's stock after selling 865 shares during the period. Bank of New York Mellon Corp owned approximately 0.57% of Winmark worth $7,922,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Winmark during the third quarter worth about $271,000. Centaurus Financial Inc. grew its holdings in shares of Winmark by 108.4% during the third quarter. Centaurus Financial Inc. now owns 721 shares of the specialty retailer's stock worth $276,000 after purchasing an additional 375 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Winmark by 1,087.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 736 shares of the specialty retailer's stock worth $289,000 after purchasing an additional 674 shares during the last quarter. Centiva Capital LP purchased a new stake in Winmark in the third quarter valued at approximately $312,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Winmark during the 4th quarter worth $351,000. Institutional investors own 73.32% of the company's stock.

Winmark Price Performance

NASDAQ WINA traded up $3.60 during trading hours on Wednesday, reaching $326.17. 14,869 shares of the stock traded hands, compared to its average volume of 24,347. The stock has a 50 day simple moving average of $361.64 and a two-hundred day simple moving average of $378.02. Winmark Co. has a 1 year low of $300.83 and a 1 year high of $431.67. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 29.83 and a beta of 0.89.

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

Winmark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, February 12th. Winmark's dividend payout ratio is 33.06%.

About Winmark

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.