BNP Paribas Financial Markets Sells 1,671 Shares of Winmark Co. (NASDAQ:WINA)

BNP Paribas Financial Markets cut its stake in Winmark Co. (NASDAQ:WINA - Free Report) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,904 shares of the specialty retailer's stock after selling 1,671 shares during the period. BNP Paribas Financial Markets owned approximately 0.20% of Winmark worth $2,644,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Centaurus Financial Inc. increased its stake in Winmark by 108.4% in the third quarter. Centaurus Financial Inc. now owns 721 shares of the specialty retailer's stock valued at $276,000 after acquiring an additional 375 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Winmark by 14.2% in the 3rd quarter. Eagle Asset Management Inc. now owns 21,372 shares of the specialty retailer's stock valued at $8,772,000 after purchasing an additional 2,655 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Winmark by 2.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 24,067 shares of the specialty retailer's stock valued at $9,216,000 after purchasing an additional 555 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Winmark during the 3rd quarter worth $271,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Winmark by 16.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,338 shares of the specialty retailer's stock worth $1,661,000 after buying an additional 612 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors.

Insider Activity

In other Winmark news, CFO Anthony D. Ishaug sold 2,400 shares of the business's stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $382.59, for a total transaction of $918,216.00. Following the sale, the chief financial officer now directly owns 53,875 shares of the company's stock, valued at $20,612,036.25. The trade was a 4.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ronald G. Olson sold 3,659 shares of the company's 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 transaction, the insider now owns 146,335 shares of the company's stock, valued at approximately $62,076,770.35. This trade represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,300 shares of company stock worth $4,158,071. Insiders own 10.60% of the company's stock.

Winmark Price Performance

NASDAQ:WINA traded up $2.23 during trading hours on Friday, hitting $400.97. The company's stock had a trading volume of 9,516 shares, compared to its average volume of 17,512. Winmark Co. has a twelve month low of $330.25 and a twelve month high of $451.30. The stock has a fifty day simple moving average of $389.65 and a 200-day simple moving average of $373.62. The company has a market capitalization of $1.41 billion, a P/E ratio of 36.69 and a beta of 0.83.

Winmark (NASDAQ:WINA - Get Free Report) last posted 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). The company had revenue of $21.51 million during the quarter. Winmark had a net margin of 49.02% and a negative return on equity of 85.43%.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th were issued a dividend of $8.40 per share. The ex-dividend date was Wednesday, November 13th. This is an increase from Winmark's previous quarterly dividend of $0.90. This represents a $33.60 annualized dividend and a dividend yield of 8.38%. Winmark's dividend payout ratio is 32.94%.

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.