Winmark Corporation (NASDAQ:WINA) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in Winmark Corporation (NASDAQ:WINA) by 3.1% during the first quarter, Holdings Channel.com reports. The fund owned 63,209 shares of the specialty retailer’s stock after selling 2,015 shares during the quarter. Copeland Capital Management LLC’s holdings in Winmark were worth $20,092,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC boosted its stake in Winmark by 2.4% during the 4th quarter. Anchor Capital Advisors LLC now owns 3,467 shares of the specialty retailer’s stock worth $1,363,000 after purchasing an additional 80 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Winmark by 145.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock worth $93,000 after purchasing an additional 141 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Winmark by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,246 shares of the specialty retailer’s stock worth $9,530,000 after purchasing an additional 179 shares during the last quarter. Keybank National Association OH acquired a new stake in Winmark during the 4th quarter worth $279,000. Finally, Victory Capital Management Inc. boosted its stake in Winmark by 292.3% during the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer’s stock worth $6,690,000 after purchasing an additional 12,682 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Insider Transactions at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the sale, the chief financial officer now directly owns 56,683 shares in the company, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.

Winmark Stock Down 1.1%

Shares of WINA opened at $374.95 on Friday. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $459.93. The firm’s fifty day moving average is $403.76 and its two-hundred day moving average is $375.33. The stock has a market cap of $1.32 billion, a PE ratio of 33.51 and a beta of 0.61.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.74 by ($0.03). Winmark had a negative return on equity of 95.03% and a net margin of 49.45%. The company had revenue of $21.92 million for the quarter, compared to analysts’ expectations of $20.91 million. During the same quarter in the prior year, the firm earned $2.41 EPS.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is currently 34.32%.

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.