Annex Advisory Services LLC Purchases 555 Shares of Winmark Co. (NASDAQ:WINA)

Annex Advisory Services LLC boosted its position in Winmark Co. (NASDAQ:WINA) by 19.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,352 shares of the specialty retailer’s stock after purchasing an additional 555 shares during the period. Annex Advisory Services LLC owned approximately 0.09% of Winmark worth $1,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC bought a new stake in Winmark in the first quarter worth about $298,000. Rhumbline Advisers lifted its stake in Winmark by 23.1% in the first quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer’s stock worth $3,549,000 after purchasing an additional 2,096 shares during the last quarter. GAMMA Investing LLC lifted its stake in Winmark by 21,093.3% in the first quarter. GAMMA Investing LLC now owns 3,179 shares of the specialty retailer’s stock worth $1,011,000 after purchasing an additional 3,164 shares during the last quarter. Centaurus Financial Inc. lifted its stake in Winmark by 21.8% in the fourth quarter. Centaurus Financial Inc. now owns 878 shares of the specialty retailer’s stock worth $345,000 after purchasing an additional 157 shares during the last quarter. Finally, Snowden Capital Advisors LLC raised its stake in shares of Winmark by 10.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

Winmark Stock Performance

Winmark stock opened at $428.46 on Friday. The company has a 50 day moving average price of $374.97 and a 200-day moving average price of $374.20. Winmark Co. has a fifty-two week low of $295.79 and a fifty-two week high of $434.87. The company has a market capitalization of $1.51 billion, a PE ratio of 39.34 and a beta of 0.54.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.74 by ($0.03). Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The company had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. During the same period in the prior year, the firm posted $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 paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Wednesday, May 14th. This is an increase from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is currently 34.32%.

Insider Activity

In related news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the transaction, the chief financial officer now directly owns 56,683 shares of the company’s stock, valued at $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.10% 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.