Winmark Co. (NASDAQ:WINA) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its position in shares of Winmark Co. (NASDAQ:WINA) by 43.0% in the third quarter, Holdings Channel reports. The institutional investor owned 90,273 shares of the specialty retailer’s stock after selling 68,000 shares during the period. Mawer Investment Management Ltd.’s holdings in Winmark were worth $34,568,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AltraVue Capital LLC grew its stake in shares of Winmark by 95.2% during the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock worth $51,454,000 after purchasing an additional 71,145 shares during the period. Victory Capital Management Inc. grew its holdings in Winmark by 55.8% during the 2nd quarter. Victory Capital Management Inc. now owns 3,726 shares of the specialty retailer’s stock valued at $1,314,000 after buying an additional 1,334 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Winmark by 30.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 11,373 shares of the specialty retailer’s stock worth $4,011,000 after purchasing an additional 2,653 shares in the last quarter. Liontrust Investment Partners LLP raised its position in shares of Winmark by 35.4% in the second quarter. Liontrust Investment Partners LLP now owns 11,043 shares of the specialty retailer’s stock valued at $3,894,000 after buying an additional 2,888 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Winmark by 9.7% during the 1st quarter. Russell Investments Group Ltd. now owns 5,294 shares of the specialty retailer’s stock worth $1,915,000 after purchasing an additional 468 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.

Winmark Price Performance

NASDAQ:WINA traded down $10.15 during mid-day trading on Monday, reaching $388.82. The company’s stock had a trading volume of 17,200 shares, compared to its average volume of 26,502. Winmark Co. has a twelve month low of $330.25 and a twelve month high of $451.30. The company’s fifty day simple moving average is $377.65 and its two-hundred day simple moving average is $369.60. The stock has a market cap of $1.37 billion, a P/E ratio of 35.57 and a beta of 0.80.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). Winmark had a negative return on equity of 85.43% and a net margin of 49.02%. The business had revenue of $21.51 million for the quarter.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a dividend of $8.40 per share. This is a boost 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 annualized dividend and a dividend yield of 8.64%. Winmark’s dividend payout ratio (DPR) is presently 32.94%.

Insiders Place Their Bets

In other news, COO Renae M. Gaudette sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $380.11, for a total value of $570,165.00. Following the completion of the sale, the chief operating officer now directly owns 15,060 shares of the company’s stock, valued at approximately $5,724,456.60. This represents a 9.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Anthony D. Ishaug sold 2,400 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $382.59, for a total transaction of $918,216.00. Following the completion of the sale, the chief financial officer now owns 53,875 shares in the company, valued at approximately $20,612,036.25. This trade represents a 4.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by corporate insiders.

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.