Allspring Global Investments Holdings LLC Cuts Position in Winmark Co. (NASDAQ:WINA)

Allspring Global Investments Holdings LLC reduced its stake in shares of Winmark Co. (NASDAQ:WINA) by 76.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 682 shares of the specialty retailer’s stock after selling 2,260 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Winmark were worth $240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Winmark in the fourth quarter valued at about $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Winmark during the 2nd quarter valued at approximately $36,000. CWM LLC boosted its stake in shares of Winmark by 197.1% during the 2nd quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 67 shares in the last quarter. Gladius Capital Management LP boosted its stake in shares of Winmark by 116.8% during the 2nd quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 111 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Winmark by 673.1% in the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 175 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

Winmark Trading Down 1.1 %

NASDAQ:WINA opened at $349.77 on Friday. The company has a market capitalization of $1.22 billion, a P/E ratio of 31.94 and a beta of 0.80. The firm has a 50-day moving average price of $372.23 and a two-hundred day moving average price of $362.96. Winmark Co. has a twelve month low of $330.25 and a twelve month high of $451.30.

Winmark (NASDAQ:WINA) last issued its quarterly earnings data on Wednesday, July 17th. The specialty retailer reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.08. The firm had revenue of $20.12 million during the quarter. Winmark had a negative return on equity of 85.12% and a net margin of 48.57%.

Winmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Wednesday, August 14th. Winmark’s payout ratio is currently 32.88%.

Analysts Set New Price Targets

Separately, Maxim Group assumed coverage on Winmark in a report on Thursday, June 13th. They set a “buy” rating and a $445.00 price objective for the company.

Insider Activity at Winmark

In other Winmark news, Director Lawrence A. Barbetta sold 2,412 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $395.30, for a total value of $953,463.60. Following the transaction, the director now directly owns 4,522 shares in the company, valued at approximately $1,787,546.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Lawrence A. Barbetta sold 124 shares of Winmark stock in a transaction on Monday, July 29th. The stock was sold at an average price of $403.34, for a total value of $50,014.16. Following the completion of the sale, the director now owns 6,934 shares of the company’s stock, valued at $2,796,759.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lawrence A. Barbetta sold 2,412 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $395.30, for a total value of $953,463.60. Following the completion of the transaction, the director now owns 4,522 shares of the company’s stock, valued at $1,787,546.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,119 shares of company stock valued at $1,239,645 over the last quarter. 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.