Mawer Investment Management Ltd. Decreases Holdings in Winmark Co. (NASDAQ:WINA)

Mawer Investment Management Ltd. cut its stake in Winmark Co. (NASDAQ:WINA - Free Report) by 43.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,273 shares of the specialty retailer's stock after selling 68,000 shares during the quarter. Mawer Investment Management Ltd. owned about 2.56% of Winmark worth $34,568,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Winmark by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer's stock worth $58,837,000 after acquiring an additional 3,594 shares during the last quarter. AltraVue Capital LLC raised its position in 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 buying an additional 71,145 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Winmark by 9.0% in the 2nd quarter. William Blair Investment Management LLC now owns 71,426 shares of the specialty retailer's stock valued at $25,187,000 after acquiring an additional 5,892 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Winmark by 0.3% in the third quarter. Copeland Capital Management LLC now owns 63,630 shares of the specialty retailer's stock worth $24,366,000 after acquiring an additional 162 shares during the period. Finally, Bessemer Group Inc. raised its holdings in shares of Winmark by 7.9% during the first quarter. Bessemer Group Inc. now owns 48,215 shares of the specialty retailer's stock worth $17,439,000 after purchasing an additional 3,512 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Winmark news, COO Renae M. Gaudette sold 1,500 shares of Winmark stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $380.11, for a total transaction of $570,165.00. Following the transaction, the chief operating officer now directly owns 15,060 shares of the company's stock, valued at $5,724,456.60. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Anthony D. Ishaug sold 2,400 shares of the company'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 value of $918,216.00. Following the completion of the transaction, the chief financial officer now owns 53,875 shares in the company, valued at $20,612,036.25. This 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 Stock Performance

Winmark stock traded up $10.56 during midday trading on Monday, hitting $399.38. 16,822 shares of the company were exchanged, compared to its average volume of 26,459. Winmark Co. has a fifty-two week low of $330.25 and a fifty-two week high of $451.30. The firm has a market capitalization of $1.41 billion, a PE ratio of 35.57 and a beta of 0.80. The business has a fifty day simple moving average of $377.65 and a two-hundred day simple moving average of $369.60.

Winmark (NASDAQ:WINA - Get Free Report) last posted 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 dividend of $8.40 per share. This represents a $33.60 annualized dividend and a yield of 8.41%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from Winmark's previous quarterly dividend of $0.90. Winmark's payout ratio is 32.94%.

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.