Mawer Investment Management Ltd. Sells 49,656 Shares of Winmark Corporation (NASDAQ:WINA)

Mawer Investment Management Ltd. reduced its stake in Winmark Corporation (NASDAQ:WINA) by 63.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 28,058 shares of the specialty retailer’s stock after selling 49,656 shares during the period. Mawer Investment Management Ltd.’s holdings in Winmark were worth $8,919,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WINA. Allspring Global Investments Holdings LLC raised its stake in Winmark by 2,706.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer’s stock worth $7,958,000 after buying an additional 24,142 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Winmark by 2.0% in the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer’s stock worth $131,000,000 after buying an additional 6,521 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Winmark by 26.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 30,191 shares of the specialty retailer’s stock worth $11,867,000 after buying an additional 6,248 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Winmark by 33.0% in the first quarter. Envestnet Asset Management Inc. now owns 23,923 shares of the specialty retailer’s stock worth $7,604,000 after buying an additional 5,932 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in Winmark by 36.2% in the fourth quarter. Kennedy Capital Management LLC now owns 17,192 shares of the specialty retailer’s stock worth $6,758,000 after buying an additional 4,570 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the completion of the transaction, the chief financial officer owned 56,683 shares of the company’s stock, valued at approximately $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.10% of the company’s stock.

Winmark Price Performance

WINA stock opened at $382.25 on Tuesday. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $459.92. The company has a market cap of $1.36 billion, a P/E ratio of 34.04 and a beta of 0.56. The firm has a 50-day moving average of $401.36 and a 200 day moving average of $371.80.

Winmark (NASDAQ:WINA) last announced its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million.

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, August 13th. Winmark’s dividend payout ratio is 34.19%.

Winmark 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.