Bessemer Group Inc. lifted its holdings in shares of Winmark Co. (NASDAQ:WINA) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,607 shares of the specialty retailer’s stock after buying an additional 1,207 shares during the period. Bessemer Group Inc. owned 0.22% of Winmark worth $1,706,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. bought a new position in Winmark in the second quarter worth about $256,000. Nuveen Asset Management LLC acquired a new stake in shares of Winmark during the 2nd quarter worth approximately $1,905,000. Royal Bank of Canada lifted its holdings in shares of Winmark by 6.7% in the 2nd quarter. Royal Bank of Canada now owns 2,200 shares of the specialty retailer’s stock worth $381,000 after purchasing an additional 139 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Winmark by 5.9% in the 3rd quarter. Rhumbline Advisers now owns 3,700 shares of the specialty retailer’s stock worth $653,000 after purchasing an additional 207 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Winmark by 9.4% in the 3rd quarter. California Public Employees Retirement System now owns 10,499 shares of the specialty retailer’s stock worth $1,852,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.
A number of research analysts recently commented on WINA shares. BidaskClub upgraded Winmark from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. ValuEngine cut Winmark from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 14th.
Shares of NASDAQ:WINA opened at $211.05 on Friday. The company has a market cap of $804.51 million, a PE ratio of 27.81 and a beta of 0.23. The company’s 50-day moving average price is $201.22 and its 200 day moving average price is $181.18. Winmark Co. has a fifty-two week low of $158.30 and a fifty-two week high of $215.00.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Tuesday, February 11th.
In other Winmark news, major shareholder Ronald G. Olson sold 5,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $198.32, for a total value of $991,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 31.30% of the stock is currently owned by corporate insiders.
Winmark Corporation operates as a franchisor of 5 retail store concepts that buy, sell, trade, and consign 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, Music Go Round, and Style Encore brand names.
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