Winmark Corporation $WINA Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its position in Winmark Corporation (NASDAQ:WINA) by 595.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,082 shares of the specialty retailer’s stock after acquiring an additional 10,345 shares during the period. Squarepoint Ops LLC owned about 0.34% of Winmark worth $4,562,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. National Bank of Canada FI increased its stake in shares of Winmark by 147.3% in the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Winmark in the second quarter valued at approximately $43,000. CWM LLC grew its holdings in Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 122 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Winmark by 19.0% in the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 34 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Winmark by 48.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 355 shares of the specialty retailer’s stock worth $133,000 after buying an additional 116 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Trading Down 3.0%

WINA stock opened at $431.20 on Tuesday. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $527.37. The business’s 50-day moving average is $423.94 and its 200 day moving average is $427.92. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 38.43 and a beta of 0.69.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share for the quarter, missing the consensus estimate of $3.22 by ($0.20). The firm had revenue of $22.63 million during the quarter, compared to analysts’ expectations of $20.19 million. Winmark had a net margin of 48.84% and a negative return on equity of 103.08%.

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, November 12th. Winmark’s payout ratio is 34.22%.

Insider Buying and Selling at Winmark

In other news, Director Lawrence A. Barbetta sold 852 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the transaction, the director directly owned 649 shares of the company’s stock, valued at approximately $327,757.98. This trade represents a 56.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Renae M. Gaudette sold 1,200 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $417.11, for a total transaction of $500,532.00. Following the transaction, the chief operating officer owned 18,860 shares in the company, valued at $7,866,694.60. The trade was a 5.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 10.10% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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.