Virtu Financial LLC Purchases Shares of 1,164 Winmark Co. (NASDAQ:WINA)

Virtu Financial LLC purchased a new stake in Winmark Co. (NASDAQ:WINA) during the fourth quarter, Holdings Channel reports. The firm purchased 1,164 shares of the specialty retailer’s stock, valued at approximately $486,000.

A number of other large investors have also recently bought and sold shares of the stock. Algert Global LLC boosted its stake in Winmark by 0.7% in the third quarter. Algert Global LLC now owns 3,358 shares of the specialty retailer’s stock worth $1,253,000 after purchasing an additional 24 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Winmark by 9.8% in the fourth quarter. Principal Financial Group Inc. now owns 774 shares of the specialty retailer’s stock worth $323,000 after purchasing an additional 69 shares in the last quarter. Brandywine Global Investment Management LLC lifted its stake in shares of Winmark by 1.7% during the third quarter. Brandywine Global Investment Management LLC now owns 6,100 shares of the specialty retailer’s stock valued at $2,276,000 after acquiring an additional 100 shares during the period. Swiss National Bank lifted its stake in shares of Winmark by 1.6% during the third quarter. Swiss National Bank now owns 6,500 shares of the specialty retailer’s stock valued at $2,425,000 after acquiring an additional 100 shares during the period. Finally, AJOVista LLC acquired a new position in shares of Winmark during the fourth quarter valued at $43,000. 73.32% of the stock is currently owned by institutional investors.

Winmark Stock Up 1.9 %

Shares of WINA opened at $362.67 on Wednesday. Winmark Co. has a 12-month low of $314.09 and a 12-month high of $451.30. The stock’s fifty day simple moving average is $358.48 and its 200-day simple moving average is $372.33. The firm has a market capitalization of $1.27 billion, a PE ratio of 33.12 and a beta of 0.81.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share for the quarter. Winmark had a negative return on equity of 84.36% and a net margin of 48.36%. The firm had revenue of $20.11 million for the quarter.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a $0.90 dividend. This is an increase from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Tuesday, May 14th. Winmark’s dividend payout ratio is 32.88%.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on Winmark in a research note on Thursday, June 13th. They set a “buy” rating and a $445.00 price target on the stock.

Insiders Place Their Bets

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total value of $1,546,040.00. Following the completion of the sale, the chief financial officer now directly owns 51,783 shares in the company, valued at $20,014,647.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Brett D. Heffes sold 8,290 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the completion of the transaction, the chief executive officer now directly owns 110,000 shares in the company, valued at $41,034,400. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total value of $1,546,040.00. Following the transaction, the chief financial officer now owns 51,783 shares of the company’s stock, valued at $20,014,647.33. The disclosure for this sale can be found here. Corporate insiders own 10.60% of the company’s stock.

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.