Hsbc Holdings PLC Acquires New Position in Winmark Corporation $WINA

Hsbc Holdings PLC bought a new position in shares of Winmark Corporation (NASDAQ:WINA) in the 1st quarter, HoldingsChannel reports. The fund bought 745 shares of the specialty retailer’s stock, valued at approximately $233,000.

Several other hedge funds also recently bought and sold shares of WINA. Susquehanna International Group LLP boosted its stake in Winmark by 138.3% during the fourth quarter. Susquehanna International Group LLP now owns 4,397 shares of the specialty retailer’s stock worth $1,728,000 after buying an additional 2,552 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Winmark by 18.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,141 shares of the specialty retailer’s stock worth $449,000 after buying an additional 180 shares during the period. Northern Trust Corp lifted its holdings in Winmark by 5.8% during the 4th quarter. Northern Trust Corp now owns 46,666 shares of the specialty retailer’s stock worth $18,343,000 after buying an additional 2,577 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Winmark by 30.9% during the 4th quarter. BNP Paribas Financial Markets now owns 9,040 shares of the specialty retailer’s stock worth $3,553,000 after buying an additional 2,136 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Winmark by 6.2% during the 4th quarter. Bank of America Corp DE now owns 11,312 shares of the specialty retailer’s stock worth $4,446,000 after buying an additional 656 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Stock Down 0.0%

Winmark stock opened at $479.66 on Friday. The firm has a market cap of $1.70 billion, a PE ratio of 42.71 and a beta of 0.65. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $493.12. The company’s 50 day moving average is $404.40 and its two-hundred day moving average is $379.97.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $20.31 million.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. Winmark’s dividend payout ratio (DPR) is presently 34.19%.

Insiders Place Their Bets

In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the sale, the chief executive officer owned 114,400 shares of the company’s stock, valued at approximately $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.