The Manufacturers Life Insurance Company raised its position in Winmark Corporation (NASDAQ:WINA) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,992 shares of the specialty retailer’s stock after purchasing an additional 104 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Winmark were worth $257,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Winmark by 11.3% in the second quarter. State Street Corp now owns 44,924 shares of the specialty retailer’s stock valued at $5,795,000 after acquiring an additional 4,573 shares during the last quarter. Numeric Investors LLC grew its holdings in Winmark by 25.5% during the second quarter. Numeric Investors LLC now owns 6,236 shares of the specialty retailer’s stock worth $804,000 after purchasing an additional 1,268 shares during the period. Dimensional Fund Advisors LP grew its holdings in Winmark by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 166,462 shares of the specialty retailer’s stock worth $21,466,000 after purchasing an additional 3,493 shares during the period. Renaissance Technologies LLC grew its holdings in Winmark by 11.8% during the second quarter. Renaissance Technologies LLC now owns 150,101 shares of the specialty retailer’s stock worth $19,356,000 after purchasing an additional 15,801 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in Winmark by 3.6% during the second quarter. Parametric Portfolio Associates LLC now owns 5,547 shares of the specialty retailer’s stock worth $715,000 after purchasing an additional 194 shares during the period. 48.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of Winmark Corporation (WINA) opened at $134.60 on Thursday. Winmark Corporation has a 1-year low of $109.90 and a 1-year high of $139.05. The stock has a market capitalization of $514.95, a P/E ratio of 25.67 and a beta of 0.49. The company has a current ratio of 2.35, a quick ratio of 2.34 and a debt-to-equity ratio of -1.82.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 8th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Tuesday, November 7th. Winmark’s dividend payout ratio is presently 8.38%.
In other news, Director Kirk A. Mackenzie sold 1,410 shares of Winmark stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $131.49, for a total value of $185,400.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven Murphy sold 2,765 shares of Winmark stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $134.02, for a total transaction of $370,565.30. Following the completion of the sale, the insider now owns 2,765 shares of the company’s stock, valued at $370,565.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,202 shares of company stock valued at $1,865,961. Corporate insiders own 37.50% of the company’s stock.
Separately, ValuEngine cut Winmark from a “buy” rating to a “hold” rating in a report on Friday, September 1st.
Winmark Corporation is a franchisor of five retail store concepts that buy, sell and trade gently used merchandise. The Company operates through two business segments: franchising and leasing. The franchising segment franchises value-oriented retail store concepts that buy, sell, trade and consign merchandise.
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