Rockefeller Capital Management L.P. Purchases Shares of 23,943 Winmark Co. (NASDAQ:WINA)

Rockefeller Capital Management L.P. acquired a new position in shares of Winmark Co. (NASDAQ:WINA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,943 shares of the specialty retailer’s stock, valued at approximately $9,168,000. Rockefeller Capital Management L.P. owned 0.68% of Winmark at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its holdings 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 buying an additional 67 shares during the period. Unique Wealth Strategies LLC acquired a new position in shares of Winmark in the second quarter valued at approximately $36,000. Comerica Bank increased its stake in shares of Winmark by 673.1% during the first quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after purchasing an additional 175 shares during the period. Gladius Capital Management LP lifted its holdings in 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 purchasing an additional 111 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Winmark in the 3rd quarter valued at $77,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Price Performance

Shares of NASDAQ WINA opened at $409.10 on Wednesday. The stock’s fifty day moving average price is $387.60 and its two-hundred day moving average price is $372.67. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 37.43 and a beta of 0.83. Winmark Co. has a one year low of $330.25 and a one year high of $451.30.

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

Winmark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a $8.40 dividend. The ex-dividend date was Wednesday, November 13th. This is a boost from Winmark’s previous quarterly dividend of $0.90. This represents a $33.60 annualized dividend and a yield of 8.21%. Winmark’s payout ratio is currently 32.94%.

Insider Activity

In related news, major shareholder Ronald G. Olson sold 3,659 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $424.21, for a total transaction of $1,552,184.39. Following the sale, the insider now owns 146,335 shares in the company, valued at approximately $62,076,770.35. This trade represents a 2.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Anthony D. Ishaug sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $382.59, for a total transaction of $918,216.00. Following the transaction, the chief financial officer now owns 53,875 shares of the company’s stock, valued at approximately $20,612,036.25. This represents a 4.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,300 shares of company stock worth $4,158,071. 10.60% of the stock is currently owned by company insiders.

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.