Victory Capital Management Inc. Purchases 612 Shares of Winmark Co. (NASDAQ:WINA)

Victory Capital Management Inc. boosted its holdings in shares of Winmark Co. (NASDAQ:WINA) by 16.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,338 shares of the specialty retailer’s stock after purchasing an additional 612 shares during the period. Victory Capital Management Inc.’s holdings in Winmark were worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AltraVue Capital LLC lifted its position in Winmark by 95.2% in the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock valued at $51,454,000 after acquiring an additional 71,145 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Winmark by 30.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,373 shares of the specialty retailer’s stock valued at $4,011,000 after acquiring an additional 2,653 shares in the last quarter. Liontrust Investment Partners LLP boosted its position in Winmark by 35.4% during the 2nd 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 last quarter. CWA Asset Management Group LLC bought a new position in shares of Winmark during the 3rd quarter worth approximately $5,102,000. Finally, Vanguard Group Inc. raised its holdings in shares of Winmark by 2.3% in the first quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer’s stock valued at $58,837,000 after purchasing an additional 3,594 shares during the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Renae M. Gaudette sold 1,500 shares of Winmark stock in a transaction on Friday, October 25th. The stock was sold at an average price of $380.11, for a total value of $570,165.00. Following the transaction, the chief operating officer now owns 15,060 shares in the company, valued at approximately $5,724,456.60. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Anthony D. Ishaug sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $382.59, for a total transaction of $918,216.00. Following the completion of the sale, the chief financial officer now owns 53,875 shares in the company, valued at approximately $20,612,036.25. The trade was a 4.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.60% of the company’s stock.

Winmark Price Performance

Winmark stock opened at $422.31 on Tuesday. The firm has a 50-day moving average of $383.75 and a 200-day moving average of $371.24. Winmark Co. has a one year low of $330.25 and a one year high of $451.30. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 38.64 and a beta of 0.80.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). Winmark had a net margin of 49.02% and a negative return on equity of 85.43%. The firm had revenue of $21.51 million during the quarter.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be paid a $8.40 dividend. The ex-dividend date is Wednesday, November 13th. This is an increase from Winmark’s previous quarterly dividend of $0.90. This represents a $33.60 annualized dividend and a yield of 7.96%. Winmark’s payout ratio is 32.94%.

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.