Granite Investment Partners LLC Purchases Shares of 8,215 Winmark Co. (WINA)

Granite Investment Partners LLC purchased a new stake in Winmark Co. (NASDAQ:WINA) during the 4th quarter, Holdings Channel reports. The fund purchased 8,215 shares of the specialty retailer’s stock, valued at approximately $1,063,000.

A number of other institutional investors and hedge funds have also modified their holdings of WINA. Old Mutual Global Investors UK Ltd. acquired a new position in Winmark in the third quarter valued at approximately $114,000. WFG Advisors LP lifted its stake in Winmark by 31.5% in the second quarter. WFG Advisors LP now owns 1,253 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 300 shares during the period. SG Americas Securities LLC acquired a new position in Winmark in the fourth quarter valued at approximately $192,000. Citadel Advisors LLC acquired a new position in Winmark in the third quarter valued at approximately $208,000. Finally, Eqis Capital Management Inc. acquired a new position in Winmark in the third quarter valued at approximately $212,000. 48.71% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Winmark from a “hold” rating to a “sell” rating in a research note on Wednesday.

In other news, Director Mark L. Wilson sold 1,989 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $125.00, for a total transaction of $248,625.00. Following the completion of the sale, the director now owns 32,992 shares in the company, valued at $4,124,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Leah A. Goff sold 2,030 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.33, for a total value of $260,509.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,027 shares of company stock valued at $510,135. Corporate insiders own 37.50% of the company’s stock.

Shares of Winmark Co. (WINA) opened at $132.05 on Friday. The company has a market capitalization of $504.63, a P/E ratio of 25.15 and a beta of 0.40. Winmark Co. has a 1-year low of $109.90 and a 1-year high of $144.10. The company has a current ratio of 2.35, a quick ratio of 2.34 and a debt-to-equity ratio of -1.82.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.44 annualized dividend and a dividend yield of 0.33%. Winmark’s dividend payout ratio is 8.38%.

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Winmark Profile

Winmark Corporation is a franchisor of five retail store concepts that buy, sell and trade gently used merchandise. The Company operates through two business segments: franchising and leasing. The franchising segment franchises value-oriented retail store concepts that buy, sell, trade and consign merchandise.

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Institutional Ownership by Quarter for Winmark (NASDAQ:WINA)

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