SG Americas Securities LLC Acquires New Position in Winmark Co. (NASDAQ:WINA)

SG Americas Securities LLC bought a new position in Winmark Co. (NASDAQ:WINA) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,277 shares of the specialty retailer’s stock, valued at approximately $502,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cavalier Investments LLC increased its position in Winmark by 4.2% during the third quarter. Cavalier Investments LLC now owns 1,694 shares of the specialty retailer’s stock worth $649,000 after purchasing an additional 69 shares during the last quarter. CWM LLC boosted its holdings in Winmark by 110.9% in the 3rd quarter. CWM LLC now owns 213 shares of the specialty retailer’s stock valued at $82,000 after purchasing an additional 112 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Winmark by 9.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,552 shares of the specialty retailer’s stock valued at $547,000 after buying an additional 138 shares during the period. Creative Planning increased its holdings in shares of Winmark by 4.7% during the 2nd quarter. Creative Planning now owns 3,351 shares of the specialty retailer’s stock worth $1,182,000 after buying an additional 149 shares during the last quarter. Finally, Copeland Capital Management LLC raised its position in shares of Winmark by 0.3% during the 3rd quarter. Copeland Capital Management LLC now owns 63,630 shares of the specialty retailer’s stock valued at $24,366,000 after buying an additional 162 shares during the period. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Ronald G. Olson sold 2,741 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $407.70, for a total transaction of $1,117,505.70. Following the completion of the transaction, the insider now owns 149,994 shares of the company’s stock, valued at approximately $61,152,553.80. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.60% of the company’s stock.

Winmark Stock Performance

Shares of Winmark stock opened at $389.59 on Friday. The stock has a 50 day moving average of $398.43 and a 200 day moving average of $384.59. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 35.64 and a beta of 0.83. Winmark Co. has a fifty-two week low of $330.25 and a fifty-two week high of $431.67.

Winmark Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Wednesday, February 12th. Winmark’s dividend payout ratio is presently 32.94%.

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.