State Street Corp Acquires 1,535 Shares of Winmark Co. (NASDAQ:WINA)

State Street Corp lifted its holdings in shares of Winmark Co. (NASDAQ:WINA) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,185 shares of the specialty retailer’s stock after purchasing an additional 1,535 shares during the quarter. State Street Corp owned 2.31% of Winmark worth $31,088,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. AltraVue Capital LLC raised its holdings in Winmark by 95.2% during the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock worth $51,454,000 after buying an additional 71,145 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Winmark by 55.8% in the second quarter. Victory Capital Management Inc. now owns 3,726 shares of the specialty retailer’s stock valued at $1,314,000 after buying an additional 1,334 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Winmark by 30.4% during the second quarter. Envestnet Asset Management Inc. now owns 11,373 shares of the specialty retailer’s stock worth $4,011,000 after acquiring an additional 2,653 shares in the last quarter. Liontrust Investment Partners LLP raised its holdings in shares of Winmark by 35.4% during the second quarter. Liontrust Investment Partners LLP now owns 11,043 shares of the specialty retailer’s stock worth $3,894,000 after acquiring an additional 2,888 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in Winmark in the 3rd quarter valued at $5,102,000. Institutional investors own 73.32% of the company’s stock.

Winmark Trading Up 0.0 %

Shares of NASDAQ WINA opened at $398.65 on Friday. The company has a fifty day moving average price of $397.75 and a 200 day moving average price of $377.45. The firm has a market cap of $1.40 billion, a PE ratio of 36.47 and a beta of 0.83. Winmark Co. has a 1-year low of $330.25 and a 1-year high of $431.67.

Winmark (NASDAQ:WINA) last posted 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). The firm had revenue of $21.51 million for the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were paid a dividend of $8.40 per share. This is a boost from Winmark’s previous quarterly dividend of $0.90. This represents a $33.60 annualized dividend and a dividend yield of 8.43%. The ex-dividend date was Wednesday, November 13th. Winmark’s dividend payout ratio (DPR) is currently 32.94%.

Insider Activity

In related news, COO Renae M. Gaudette sold 1,500 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $380.11, for a total transaction of $570,165.00. Following the sale, the chief operating officer now owns 15,060 shares in the company, valued at approximately $5,724,456.60. This represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Ronald G. Olson sold 3,659 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $424.21, for a total value of $1,552,184.39. Following the transaction, the insider now directly owns 146,335 shares of the company’s stock, valued at $62,076,770.35. This trade represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,300 shares of company stock worth $4,158,071 over the last ninety days. Insiders own 10.60% of the company’s stock.

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.