MetLife Investment Management LLC Decreases Stock Holdings in Winmark Co. (NASDAQ:WINA)

MetLife Investment Management LLC reduced its position in shares of Winmark Co. (NASDAQ:WINA) by 3.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,654 shares of the specialty retailer’s stock after selling 68 shares during the quarter. MetLife Investment Management LLC’s holdings in Winmark were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Winmark by 197.1% during the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 67 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in Winmark in the 2nd quarter worth approximately $36,000. Comerica Bank grew its position in shares of Winmark by 673.1% in the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after buying an additional 175 shares during the last quarter. Gladius Capital Management LP increased its stake in shares of Winmark by 116.8% during the second quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock valued at $73,000 after buying an additional 111 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Winmark during the third quarter valued at approximately $77,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Insider Transactions at Winmark

In related news, CFO Anthony D. Ishaug sold 2,400 shares of the stock in a transaction dated 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 directly owns 53,875 shares in the company, valued at $20,612,036.25. This trade represents a 4.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Renae M. Gaudette sold 1,500 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $380.11, for a total transaction of $570,165.00. Following the sale, the chief operating officer now directly owns 15,060 shares in the company, valued at $5,724,456.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,300 shares of company stock valued at $4,158,071. Corporate insiders own 10.60% of the company’s stock.

Winmark Stock Up 0.6 %

Shares of WINA stock opened at $400.97 on Friday. The stock has a fifty day moving average of $389.65 and a 200 day moving average of $373.68. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 36.69 and a beta of 0.83. Winmark Co. has a 52 week low of $330.25 and a 52 week high of $451.30.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share 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 company had revenue of $21.51 million for the quarter.

Winmark Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $8.40 per share. This is an increase from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a dividend yield of 8.38%. Winmark’s dividend payout ratio is 32.94%.

Winmark 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.