Strs Ohio, a prominent investment fund, has recently reduced its holdings in Winmark Co. (NASDAQ:WINA), as reported in their first-quarter disclosure with the Securities and Exchange Commission (SEC). This move saw a decrease of 15.4% in the fund’s ownership of the specialty retailer’s stock, with 400 shares being sold during the period. At the end of this reporting period, Strs Ohio held 2,200 shares of Winmark worth $704,000.
Adding to this development, Director Mark L. Wilson also sold 3,000 shares of Winmark stock on June 7th at an average price of $359.60 per share. The total value of this transaction amounted to an impressive $1,078,800. After the sale, Wilson still owns 3,474 shares in the company that are now valued at $1,249,250.40.
The details regarding Director Wilson’s transaction were officially disclosed through a legal filing with the SEC and can be accessed via the designated link. Moreover, CEO Brett D. Heffes made his own notable sale of 6,527 shares on April 26th at an average price of $338.18 per share. The sales amount to a total value of $2,207,300.86 and reduced Heffes’ ownership to 108,500 shares worth approximately $36,692,530.
Director Wilson made an additional sale of 3,000 shares on June 7th for the same average price as his previous transaction ($359.60 per share), totaling $1,078,800 in value. As a result of this sale completion, Wilson’s remaining stake is now estimated at around $1,2499M for his remaining 3,474 shares.
It is fascinating to note that insiders have collectively sold 16;027 shares valued at an impressive sum of $5;414;696 over the last quarter. These transactions indicate that approximately 11% of the company’s stock is currently in possession of company insiders.
On Monday, July 24, 2023, NASDAQ:WINA began trading at a price of $368.71 per share. It is important to consider that Winmark Co.’s stock has fluctuated in value between its 1-year low of $202.89 and its 1-year high of $373.02. Currently, the business possesses a favorable fifty-day moving average price of $344.51 and a two-hundred day moving average price of $313.95. Collectively, these factors contribute to Winmark’s impressive market capitalization of $1.28 billion along with a respectable price-to-earnings ratio of 33.13 and a beta value of 0.78.
While these recent events may provoke curiosity among investors and analysts alike, the motivation behind the selling activities remains unclear without further context or explanation from those involved. However, it is expected that market participants will keep a close eye on any additional developments or announcements from Strs Ohio, Director Wilson, CEO Heffes, and other key individuals within Winmark Co.
In conclusion, Strs Ohio’s decision to lessen its holdings shines an unexpected light on Winmark Co., leaving many industry observers puzzled as to the reasoning behind this move amidst a backdrop of notable sales by key figures within the organization. Investors are eagerly awaiting further clarification regarding the intentions driving these actions while keeping tabs on how they may impact the company’s future trajectory in an ever-evolving market landscape.
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Institutional Investors Show Confidence in Winmark Corporation’s Growth Potential
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”WINA” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Winmark Corporation, a specialty retailer, has garnered the attention of several large investors in recent months. Mawer Investment Management Ltd., for instance, boosted its holdings in Winmark by 0.5% during the fourth quarter of last year. This move demonstrates Mawer’s confidence in the company’s potential for growth.
As of now, Mawer Investment Management Ltd. owns an impressive 376,682 shares of Winmark’s stock. These shares are valued at a whopping $88,833,000. To further solidify their position as a major investor in Winmark, Mawer acquired an additional 1,934 shares over the last quarter.
Another notable investor increasing its stake in Winmark is Vanguard Group Inc. They boosted their holdings by 1.5% during the first quarter of this year. Currently, Vanguard Group Inc. possesses 150,356 shares of Winmark’s stock valued at $33,079,000.
Dimensional Fund Advisors LP has also taken notice of Winmark’s potential and increased their holdings in the company by 0.8% during the fourth quarter of last year. This move reflects Dimensional Fund Advisors’ belief that Winmark’s specialty retail offerings hold significant value for investors. The firm now owns a total of 128,710 shares worth $30,354,000.
Port Capital LLC also displayed confidence in Winmark’s future prospects by boosting their holdings by 8.7% during the final quarter of last year. With current ownership standing at 127,915 shares valued at $30,166,000 after adding an impressive 10,264 shares to their portfolio.
Lastly but certainly not leastly AltraVue Capital LLC took action to increase its stake by an impressive 12.7%. The firm acquired an additional 9,170 shares during Q4 last year and now holds a grand total of 81,171 shares valued at $19,143,000.
Overall, institutional investors currently own a staggering 69.64% of Winmark’s stock. These investments not only reflect the growing interest in Winmark but also suggest a belief in the company’s ability to deliver on its promises.
Furthermore, in a recent report from StockNews.com, Winmark Corporation received an upgrade from “hold” to “buy” rating. This upgraded rating further emphasizes the optimistic outlook for Winmark and underscores the confidence that analysts have in the company’s performance.
In addition to these developments, Winmark announced a quarterly dividend that will be paid out on September 1st of this year. Shareholders of record as of August 16th will receive a dividend of $0.80 per share. With an annualized dividend of $3.20 and a yield of 0.87%, this announcement is welcomed news for shareholders.
It is worth noting that the ex-dividend date for this payment is set for August 15th, which means investors must own shares before this date to be eligible for the dividend payout.
Winmark’s commitment to providing dividends showcases their dedication to rewarding shareholders while maintaining steady growth and profitability.
In conclusion, large institutional investors continue to show their faith in Winmark Corporation by increasing their holdings in the company. These investments highlight confidence in the retailer’s prospects for growth and success. Additionally, an upgrade from StockNews.com adds further credibility to Winmark’s position as an attractive investment option. With a quarterly dividend announcement affirming their commitment to rewarding shareholders, it is clear that Winmark Corporation remains dedicated to creating value and generating returns for its investors.
