Kingsview Wealth Management LLC Invests $4.75 Million in Winmark Corporation $WINA

Kingsview Wealth Management LLC bought a new stake in shares of Winmark Corporation (NASDAQ:WINA) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 9,550 shares of the specialty retailer’s stock, valued at approximately $4,754,000. Kingsview Wealth Management LLC owned about 0.27% of Winmark at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WINA. Geneos Wealth Management Inc. increased its holdings in shares of Winmark by 775.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 62 shares during the period. Cornerstone Planning Group LLC bought a new stake in shares of Winmark in the third quarter valued at about $36,000. Elevation Point Wealth Partners LLC acquired a new stake in Winmark during the second quarter worth about $43,000. CWM LLC grew its position in Winmark by 358.8% during the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock worth $59,000 after buying an additional 122 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Winmark during the third quarter valued at about $95,000. 73.32% of the stock is owned by institutional investors.

Winmark Stock Up 1.7%

NASDAQ WINA opened at $480.67 on Wednesday. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $527.37. The stock has a market cap of $1.72 billion, a P/E ratio of 42.50 and a beta of 0.68. The company’s 50-day simple moving average is $440.28 and its 200 day simple moving average is $444.18.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Wednesday, February 18th. The specialty retailer reported $2.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.09). Winmark had a net margin of 48.40% and a negative return on equity of 102.34%. The company had revenue of $21.09 million for the quarter, compared to analyst estimates of $21.09 million.

Winmark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 11th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Wednesday, February 11th. Winmark’s dividend payout ratio is 33.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

About Winmark

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.