Liontrust Investment Partners LLP Decreases Position in Winmark Corporation $WINA

Liontrust Investment Partners LLP decreased its holdings in Winmark Corporation (NASDAQ:WINA) by 22.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,334 shares of the specialty retailer’s stock after selling 1,263 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Winmark were worth $1,637,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Fisher Asset Management LLC acquired a new stake in Winmark in the second quarter worth about $31,021,000. Alliancebernstein L.P. raised its position in shares of Winmark by 2,358.0% in the 2nd quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer’s stock valued at $27,845,000 after purchasing an additional 70,739 shares during the last quarter. First Trust Advisors LP boosted its stake in Winmark by 2,478.1% in the 2nd quarter. First Trust Advisors LP now owns 44,086 shares of the specialty retailer’s stock worth $16,647,000 after purchasing an additional 42,376 shares in the last quarter. Select Equity Group L.P. boosted its stake in Winmark by 766.0% in the 1st quarter. Select Equity Group L.P. now owns 23,450 shares of the specialty retailer’s stock worth $7,454,000 after purchasing an additional 20,742 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Winmark during the 2nd quarter worth approximately $6,757,000. 73.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Insider Activity

In other news, COO Renae M. Gaudette sold 1,200 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $417.11, for a total value of $500,532.00. Following the sale, the chief operating officer owned 18,860 shares in the company, valued at $7,866,694.60. This represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the transaction, the director owned 649 shares of the company’s stock, valued at approximately $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.10% of the stock is currently owned by company insiders.

Winmark Stock Up 0.7%

Shares of NASDAQ WINA opened at $444.54 on Monday. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $527.37. The business’s 50 day moving average price is $425.38 and its 200 day moving average price is $427.90. The firm has a market cap of $1.58 billion, a P/E ratio of 39.62 and a beta of 0.69.

Winmark (NASDAQ:WINA) last announced its quarterly earnings data on Wednesday, October 15th. The specialty retailer reported $3.02 EPS for the quarter, missing the consensus estimate of $3.22 by ($0.20). The business had revenue of $22.63 million for the quarter, compared to analyst estimates of $20.19 million. Winmark had a net margin of 48.84% and a negative return on equity of 103.08%.

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. Winmark’s dividend payout ratio is presently 34.22%.

Winmark 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.