Winmark Co. (NASDAQ:WINA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Winmark Co. (NASDAQ:WINA) by 0.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,060 shares of the specialty retailer’s stock after selling 51 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Winmark were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC grew its position in Winmark by 197.1% during the 2nd quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 67 shares during the period. Unique Wealth Strategies LLC acquired a new stake in Winmark during the second quarter worth about $36,000. Comerica Bank raised its position in Winmark by 673.1% during the first quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock valued at $73,000 after acquiring an additional 175 shares in the last quarter. nVerses Capital LLC acquired a new position in Winmark in the third quarter valued at approximately $77,000. Finally, Centaurus Financial Inc. purchased a new stake in Winmark in the 2nd quarter worth approximately $122,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Price Performance

Shares of NASDAQ WINA opened at $407.63 on Friday. The firm’s 50 day simple moving average is $393.99 and its 200-day simple moving average is $375.79. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $450.62. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 37.29 and a beta of 0.83.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). The firm had revenue of $21.51 million for the quarter. Winmark had a net margin of 49.02% and a negative return on equity of 85.43%.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Wednesday, November 13th were paid a $8.40 dividend. This represents a $33.60 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend was Wednesday, November 13th. This is a positive change from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is currently 32.94%.

Insider Buying and Selling

In related news, COO Renae M. Gaudette sold 1,500 shares of Winmark stock in a transaction on Friday, October 25th. The shares were sold at an average price of $380.11, for a total value of $570,165.00. Following the sale, the chief operating officer now owns 15,060 shares of the company’s stock, valued at approximately $5,724,456.60. This trade represents a 9.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ronald G. Olson sold 3,659 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $424.21, for a total transaction of $1,552,184.39. Following the transaction, the insider now owns 146,335 shares of the company’s stock, valued at $62,076,770.35. This represents a 2.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,300 shares of company stock valued at $4,158,071. 10.60% of the stock is owned by company insiders.

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.