Dark Forest Capital Management LP Sells 384 Shares of Winmark Co. (NASDAQ:WINA)

Dark Forest Capital Management LP decreased its stake in Winmark Co. (NASDAQ:WINA) by 29.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 921 shares of the specialty retailer’s stock after selling 384 shares during the quarter. Dark Forest Capital Management LP’s holdings in Winmark were worth $325,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in Winmark by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 22,345 shares of the specialty retailer’s stock worth $9,330,000 after buying an additional 238 shares during the period. Principal Financial Group Inc. grew its holdings in Winmark by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 774 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 69 shares during the last quarter. Annex Advisory Services LLC raised its position in Winmark by 21.4% in the 4th quarter. Annex Advisory Services LLC now owns 1,190 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 210 shares during the period. Virtu Financial LLC bought a new stake in Winmark in the fourth quarter worth about $486,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new position in shares of Winmark during the fourth quarter valued at approximately $29,000. Institutional investors own 73.32% of the company’s stock.

Insider Activity

In related news, Director Lawrence A. Barbetta sold 583 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $405.09, for a total value of $236,167.47. Following the completion of the sale, the director now directly owns 7,058 shares of the company’s stock, valued at $2,859,125.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Lawrence A. Barbetta sold 124 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $403.34, for a total transaction of $50,014.16. Following the transaction, the director now directly owns 6,934 shares in the company, valued at $2,796,759.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lawrence A. Barbetta sold 583 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $405.09, for a total transaction of $236,167.47. Following the completion of the transaction, the director now directly owns 7,058 shares of the company’s stock, valued at approximately $2,859,125.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,119 shares of company stock worth $1,239,645. Company insiders own 10.60% of the company’s stock.

Analysts Set New Price Targets

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

Winmark Trading Up 0.0 %

NASDAQ WINA opened at $385.00 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of 35.16 and a beta of 0.80. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $451.30. The company’s 50-day moving average price is $370.29 and its 200-day moving average price is $362.97.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, July 17th. The specialty retailer reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.08. The firm 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, August 14th. 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.