Intech Investment Management LLC Has $530,000 Stake in Winmark Corporation $WINA

Intech Investment Management LLC decreased its position in Winmark Corporation (NASDAQ:WINA) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,404 shares of the specialty retailer’s stock after selling 152 shares during the quarter. Intech Investment Management LLC’s holdings in Winmark were worth $530,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. lifted its stake in Winmark by 766.0% in the first quarter. Select Equity Group L.P. now owns 23,450 shares of the specialty retailer’s stock valued at $7,454,000 after acquiring an additional 20,742 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Winmark during the 1st quarter valued at $3,735,000. Vancity Investment Management Ltd bought a new position in shares of Winmark during the 1st quarter valued at $3,464,000. Copeland Capital Management LLC lifted its stake in shares of Winmark by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer’s stock valued at $27,755,000 after purchasing an additional 10,292 shares during the last quarter. Finally, LGT Fund Management Co Ltd. bought a new stake in Winmark in the second quarter worth $3,572,000. Institutional investors own 73.32% of the company’s stock.

Insider Activity at Winmark

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

Winmark Price Performance

Shares of WINA opened at $411.06 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of 36.64 and a beta of 0.69. Winmark Corporation has a one year low of $295.79 and a one year high of $527.37. The company’s fifty day moving average price is $440.79 and its 200 day moving average price is $427.30.

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

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. Winmark’s dividend payout ratio (DPR) is 34.22%.

Analyst Upgrades and Downgrades

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

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.