Mawer Investment Management Ltd. Reduces Stock Holdings in Winmark Corporation (NASDAQ:WINA)

Key Points

• Mawer Investment Management Ltd. has reduced its stake in Winmark Corporation by 63.9%, owning 28,058 shares, valued at approximately $8.9 million after selling 49,656 shares in the first quarter.
• Winmark recently reported a quarterly earnings per share (EPS) of $2.89, slightly beating analysts' expectations, and achieved a net margin of 49.48% while generating revenue of $20.42 million.
• The company declared a quarterly dividend of $0.96 per share, set to be paid on September 2nd, reflecting an annualized dividend yield of 1.00% and a payout ratio of 34.19%.

Mawer Investment Management Ltd. trimmed its holdings in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 63.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,058 shares of the specialty retailer's stock after selling 49,656 shares during the period. Mawer Investment Management Ltd. owned approximately 0.79% of Winmark worth $8,919,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in shares of Winmark by 2.0% in the 4th quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock valued at $131,000,000 after purchasing an additional 6,521 shares during the period. Vanguard Group Inc. lifted its stake in shares of Winmark by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer's stock valued at $66,410,000 after purchasing an additional 1,389 shares during the period. Nine Ten Capital Management LLC lifted its stake in shares of Winmark by 5.5% in the 4th quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer's stock valued at $32,979,000 after purchasing an additional 4,400 shares during the period. Geode Capital Management LLC raised its position in Winmark by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer's stock worth $28,092,000 after acquiring an additional 266 shares during the period. Finally, Bessemer Group Inc. raised its position in Winmark by 4.0% during the first quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock worth $17,525,000 after acquiring an additional 2,142 shares during the period. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction 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 sale, the chief financial officer owned 56,683 shares of the company's stock, valued at $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.10% of the stock is owned by insiders.

Winmark Trading Down 2.5%

NASDAQ:WINA traded down $9.36 during trading hours on Friday, reaching $368.06. 27,678 shares of the company were exchanged, compared to its average volume of 86,287. The stock's 50-day moving average is $398.92 and its 200-day moving average is $371.86. The firm has a market cap of $1.31 billion, a PE ratio of 32.81 and a beta of 0.56. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $459.92.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, topping analysts' consensus estimates of $2.88 by $0.01. The company had revenue of $20.42 million during the quarter, compared to analysts' expectations of $20.31 million. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.0%. Winmark's dividend payout ratio is presently 34.19%.

About Winmark

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.