Raymond James Financial Inc. Acquires New Position in Winmark Co. (NASDAQ:WINA)

Raymond James Financial Inc. acquired a new stake in Winmark Co. (NASDAQ:WINA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,709 shares of the specialty retailer’s stock, valued at approximately $12,071,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cavalier Investments LLC lifted its stake in shares of Winmark by 2.8% in the fourth quarter. Cavalier Investments LLC now owns 1,742 shares of the specialty retailer’s stock valued at $685,000 after purchasing an additional 48 shares during the period. Anchor Capital Advisors LLC raised its position in Winmark by 2.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,467 shares of the specialty retailer’s stock worth $1,363,000 after acquiring an additional 80 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock worth $93,000 after acquiring an additional 141 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Winmark by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,246 shares of the specialty retailer’s stock worth $9,530,000 after acquiring an additional 179 shares during the last quarter. Finally, ClearAlpha Technologies LP raised its position in Winmark by 26.4% during the third quarter. ClearAlpha Technologies LP now owns 1,265 shares of the specialty retailer’s stock worth $484,000 after acquiring an additional 264 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Winmark Trading Up 0.4 %

Shares of WINA opened at $323.91 on Thursday. The stock has a market cap of $1.15 billion, a P/E ratio of 29.74 and a beta of 0.89. The company has a 50-day moving average of $360.40 and a two-hundred day moving average of $377.64. Winmark Co. has a 12-month low of $300.83 and a 12-month high of $431.67.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, February 19th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.05). The business had revenue of $19.55 million for the quarter, compared to analyst estimates of $20.25 million. Winmark had a negative return on equity of 93.24% and a net margin of 49.15%.

Winmark Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, February 12th. Winmark’s dividend payout ratio is presently 33.06%.

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.