Vestcor Inc Trims Position in Winmark Corporation (NASDAQ:WINA)

Vestcor Inc decreased its position in shares of Winmark Corporation (NASDAQ:WINA) by 19.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 18,000 shares of the specialty retailer’s stock after selling 4,284 shares during the quarter. Vestcor Inc’s holdings in Winmark were worth $5,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Winmark during the fourth quarter worth approximately $31,000. Sterling Capital Management LLC increased its position in Winmark by 820.0% during the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 82 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Winmark during the fourth quarter worth approximately $146,000. Dynamic Technology Lab Private Ltd acquired a new position in Winmark during the fourth quarter worth approximately $220,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Winmark during the fourth quarter worth approximately $236,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Stock Performance

Shares of WINA stock opened at $383.05 on Thursday. Winmark Corporation has a one year low of $295.79 and a one year high of $459.92. The company has a 50 day moving average price of $399.69 and a 200 day moving average price of $371.90. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 34.11 and a beta of 0.56.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The company had revenue of $20.42 million during the quarter, compared to analyst estimates of $20.31 million.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 annualized dividend and a dividend yield of 1.00%. Winmark’s payout ratio is 34.19%.

Insider Buying and Selling at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction on Friday, May 30th. The shares were sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the transaction, the chief financial officer owned 56,683 shares in the company, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.10% of the company’s stock.

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.