Ables Iannone Moore & Associates Inc. Purchases Shares of 70 Winmark Co. (NASDAQ:WINA)

Ables Iannone Moore & Associates Inc. acquired a new stake in Winmark Co. (NASDAQ:WINA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70 shares of the specialty retailer’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently made changes to their positions in WINA. AJOVista LLC purchased a new position in shares of Winmark during the fourth quarter valued at approximately $43,000. SG Americas Securities LLC purchased a new position in Winmark during the 4th quarter worth $141,000. Principal Financial Group Inc. grew its stake in shares of Winmark by 9.8% in the 4th quarter. Principal Financial Group Inc. now owns 774 shares of the specialty retailer’s stock worth $323,000 after acquiring an additional 69 shares in the last quarter. Gallacher Capital Management LLC purchased a new stake in shares of Winmark in the fourth quarter valued at about $337,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Winmark by 111.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 835 shares of the specialty retailer’s stock valued at $349,000 after purchasing an additional 441 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Maxim Group assumed coverage on shares of Winmark in a research report on Thursday, June 13th. They issued a “buy” rating and a $445.00 price objective for the company.

Insider Activity at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 51,783 shares of the company’s stock, valued at $20,014,647.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $386.51, for a total transaction of $1,546,040.00. Following the completion of the transaction, the chief financial officer now owns 51,783 shares in the company, valued at $20,014,647.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett D. Heffes sold 8,290 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 owned by company insiders.

Winmark Price Performance

Shares of NASDAQ:WINA opened at $355.93 on Tuesday. The company has a market capitalization of $1.25 billion, a PE ratio of 32.51 and a beta of 0.81. Winmark Co. has a 1 year low of $314.09 and a 1 year high of $451.30. The business has a fifty day moving average price of $358.15 and a two-hundred day moving average price of $372.84.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share 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 business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a $0.90 dividend. 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. This is a boost from Winmark’s previous quarterly dividend of $0.80. Winmark’s payout ratio is 32.88%.

Winmark Company 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.