Centaurus Financial Inc. Boosts Stake in Winmark Co. (NASDAQ:WINA)

Centaurus Financial Inc. lifted its stake in Winmark Co. (NASDAQ:WINA) by 108.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 721 shares of the specialty retailer’s stock after acquiring an additional 375 shares during the period. Centaurus Financial Inc.’s holdings in Winmark were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CWM LLC increased its stake in Winmark by 197.1% in the 2nd quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after buying an additional 67 shares in the last quarter. Unique Wealth Strategies LLC purchased a new stake in Winmark in the 2nd quarter worth $36,000. Gladius Capital Management LP increased its stake in Winmark by 116.8% in the 2nd quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock worth $73,000 after buying an additional 111 shares in the last quarter. Comerica Bank increased its stake in Winmark by 673.1% in the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after buying an additional 175 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Winmark in the 3rd quarter worth $77,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Stock Performance

Shares of WINA stock opened at $412.36 on Thursday. Winmark Co. has a 52-week low of $330.25 and a 52-week high of $451.30. The firm has a market capitalization of $1.45 billion, a PE ratio of 38.41 and a beta of 0.80. The stock has a fifty day simple moving average of $384.70 and a two-hundred day simple moving average of $371.57.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). Winmark had a net margin of 49.02% and a negative return on equity of 85.43%. The company had revenue of $21.51 million for the quarter.

Winmark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be issued a dividend of $8.40 per share. This represents a $33.60 annualized dividend and a dividend yield of 8.15%. The ex-dividend date is Wednesday, November 13th. This is an increase from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio is 32.94%.

Insider Buying and Selling at Winmark

In related news, CFO Anthony D. Ishaug sold 2,400 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $382.59, for a total value of $918,216.00. Following the completion of the transaction, the chief financial officer now owns 53,875 shares of the company’s stock, valued at approximately $20,612,036.25. This trade represents a 4.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ronald G. Olson sold 2,741 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $407.70, for a total transaction of $1,117,505.70. Following the completion of the transaction, the insider now directly owns 149,994 shares of the company’s stock, valued at approximately $61,152,553.80. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,300 shares of company stock valued at $4,158,071 in the last 90 days. Insiders own 10.60% of the company’s stock.

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.