Cynosure Group LLC Sells 1,073 Shares of Winmark Co. (NASDAQ:WINA)

Cynosure Group LLC lowered its holdings in shares of Winmark Co. (NASDAQ:WINA) by 52.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 988 shares of the specialty retailer’s stock after selling 1,073 shares during the quarter. Cynosure Group LLC’s holdings in Winmark were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Unique Wealth Strategies LLC bought a new position in shares of Winmark during the 2nd quarter valued at approximately $36,000. CWM LLC boosted its stake in Winmark by 197.1% during the second 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. nVerses Capital LLC purchased a new stake in shares of Winmark in the third quarter valued at $77,000. Comerica Bank lifted its holdings in shares of Winmark by 673.1% in the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 175 shares during the last quarter. Finally, Gladius Capital Management LP boosted its stake in shares of 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 period. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Trading Down 1.8 %

Shares of NASDAQ:WINA opened at $412.36 on Friday. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $451.30. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 37.73 and a beta of 0.80. The firm’s 50-day moving average is $385.48 and its 200 day moving average is $371.86.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 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 for the quarter.

Winmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be paid a $8.40 dividend. This is a positive change from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a yield of 8.15%. Winmark’s dividend payout ratio (DPR) is presently 32.94%.

Insider Transactions at Winmark

In other news, major shareholder Ronald G. Olson sold 3,659 shares of Winmark 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 completion of the sale, the insider now owns 146,335 shares of the company’s stock, valued at approximately $62,076,770.35. The trade was a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Renae M. Gaudette sold 1,500 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $380.11, for a total value of $570,165.00. Following the completion of the transaction, the chief operating officer now directly owns 15,060 shares in the company, valued at approximately $5,724,456.60. This trade represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,300 shares of company stock worth $4,158,071. 10.60% of the stock is currently owned by 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.