Quest Partners LLC Takes $169,000 Position in Winmark Co. (NASDAQ:WINA)

Quest Partners LLC bought a new position in shares of Winmark Co. (NASDAQ:WINA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 478 shares of the specialty retailer’s stock, valued at approximately $169,000.

Other institutional investors have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. purchased a new stake in Winmark during the 4th quarter worth approximately $29,000. Unique Wealth Strategies LLC bought a new stake in shares of Winmark in the second quarter worth $36,000. CWM LLC raised its holdings in 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. Gladius Capital Management LP boosted its stake in Winmark by 116.8% during the 2nd 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 during the last quarter. Finally, Comerica Bank grew its holdings in Winmark by 673.1% during the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group initiated coverage on Winmark in a research note on Thursday, June 13th. They issued a “buy” rating and a $445.00 price target for the company.

Winmark Price Performance

Shares of WINA opened at $363.06 on Monday. Winmark Co. has a 12-month low of $330.25 and a 12-month high of $451.30. The business’s fifty day moving average price is $372.39 and its 200 day moving average price is $361.62. The stock has a market capitalization of $1.28 billion, a PE ratio of 33.16 and a beta of 0.80.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, July 17th. The specialty retailer reported $2.85 EPS for the quarter, beating the consensus estimate of $2.77 by $0.08. The business had revenue of $20.12 million during the quarter. Winmark had a net margin of 48.57% and a negative return on equity of 85.12%.

Winmark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Wednesday, August 14th. Winmark’s dividend payout ratio (DPR) is 32.88%.

Insider Activity at Winmark

In other Winmark news, Director Lawrence A. Barbetta sold 124 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $403.34, for a total value of $50,014.16. Following the sale, the director now directly owns 6,934 shares of the company’s stock, valued at $2,796,759.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Lawrence A. Barbetta sold 124 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $403.34, for a total transaction of $50,014.16. Following the completion of the transaction, the director now directly owns 6,934 shares in the company, valued at $2,796,759.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence A. Barbetta sold 2,412 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $395.30, for a total value of $953,463.60. Following the completion of the sale, the director now owns 4,522 shares in the company, valued at $1,787,546.60. The disclosure for this sale can be found here. Insiders sold 3,119 shares of company stock worth $1,239,645 in the last 90 days. 10.60% of the stock is currently owned by company insiders.

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.