Allspring Global Investments Holdings LLC Increases Stock Holdings in Winmark Corporation (NASDAQ:WINA)

Allspring Global Investments Holdings LLC boosted its stake in Winmark Corporation (NASDAQ:WINA) by 2,706.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,034 shares of the specialty retailer’s stock after buying an additional 24,142 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Winmark were worth $7,958,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WINA. Smartleaf Asset Management LLC raised its holdings in shares of Winmark by 145.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 141 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Winmark by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,246 shares of the specialty retailer’s stock worth $9,530,000 after acquiring an additional 179 shares during the period. Keybank National Association OH bought a new stake in shares of Winmark during the 4th quarter worth $279,000. Victory Capital Management Inc. raised its position in Winmark by 292.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer’s stock worth $6,690,000 after acquiring an additional 12,682 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Winmark in the fourth quarter valued at approximately $12,071,000. 73.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the transaction, the chief financial officer directly owned 56,683 shares in the company, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.10% of the stock is owned by corporate insiders.

Winmark Stock Performance

WINA stock opened at $374.77 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 33.49 and a beta of 0.56. Winmark Corporation has a fifty-two week low of $295.79 and a fifty-two week high of $459.93. The stock has a fifty day moving average of $405.74 and a 200-day moving average of $374.21.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.74 by ($0.03). Winmark had a net margin of 49.45% and a negative return on equity of 95.03%. The company had revenue of $21.92 million during the quarter, compared to analysts’ expectations of $20.91 million. During the same quarter last year, the firm posted $2.41 earnings per share.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 14th were issued a $0.96 dividend. The ex-dividend date was Wednesday, May 14th. This represents a $3.84 annualized dividend and a dividend yield of 1.02%. This is a boost from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio (DPR) is presently 34.32%.

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.