The Manufacturers Life Insurance Company Cuts Stock Position in Winmark Co. (NASDAQ:WINA)

The Manufacturers Life Insurance Company lessened its holdings in Winmark Co. (NASDAQ:WINA) by 3.6% during the first quarter, HoldingsChannel.com reports. The fund owned 1,804 shares of the specialty retailer’s stock after selling 67 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Winmark were worth $336,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors raised its stake in shares of Winmark by 228.9% in the 4th quarter. Captrust Financial Advisors now owns 250 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 174 shares during the period. Citigroup Inc. grew its holdings in Winmark by 244.9% during the 4th quarter. Citigroup Inc. now owns 1,176 shares of the specialty retailer’s stock valued at $218,000 after purchasing an additional 835 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in Winmark during the 4th quarter valued at $376,000. Panagora Asset Management Inc. grew its holdings in Winmark by 39.2% during the 4th quarter. Panagora Asset Management Inc. now owns 2,117 shares of the specialty retailer’s stock valued at $393,000 after purchasing an additional 596 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Winmark by 92.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 2,329 shares of the specialty retailer’s stock valued at $433,000 after purchasing an additional 1,116 shares in the last quarter. 72.81% of the stock is currently owned by institutional investors and hedge funds.

WINA opened at $197.70 on Friday. The company’s fifty day moving average price is $194.24. The firm has a market cap of $731.89 million, a price-to-earnings ratio of 23.96 and a beta of 0.81. Winmark Co. has a twelve month low of $147.95 and a twelve month high of $202.42.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, April 14th. The specialty retailer reported $2.40 earnings per share for the quarter. The business had revenue of $18.66 million during the quarter. Winmark had a net margin of 48.12% and a negative return on equity of 246.73%.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Wednesday, May 12th were issued a dividend of $0.45 per share. This is a positive change from Winmark’s previous quarterly dividend of $0.25. This represents a $1.80 annualized dividend and a yield of 0.91%. The ex-dividend date was Tuesday, May 11th.

In other Winmark news, major shareholder Ronald G. Olson sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $196.50, for a total transaction of $786,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Leah A. Goff sold 2,624 shares of the firm’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $200.00, for a total transaction of $524,800.00. Following the transaction, the vice president now directly owns 9,570 shares of the company’s stock, valued at $1,914,000. The disclosure for this sale can be found here. 11.60% of the stock is owned by company insiders.

Winmark Company Profile

Winmark Corporation operates as a franchisor of five retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round brand names.

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Institutional Ownership by Quarter for Winmark (NASDAQ:WINA)

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