Nisa Investment Advisors LLC Grows Position in Winmark Co. (NASDAQ:WINA)

Nisa Investment Advisors LLC increased its stake in shares of Winmark Co. (NASDAQ:WINA - Free Report) by 1,087.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 736 shares of the specialty retailer's stock after purchasing an additional 674 shares during the period. Nisa Investment Advisors LLC's holdings in Winmark were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WINA. nVerses Capital LLC purchased a new stake in shares of Winmark in the 3rd quarter valued at about $77,000. CWM LLC grew its position in Winmark by 110.9% during the 3rd quarter. CWM LLC now owns 213 shares of the specialty retailer's stock worth $82,000 after acquiring an additional 112 shares during the last quarter. Centaurus Financial Inc. bought a new position in Winmark during the 2nd quarter worth approximately $122,000. Intech Investment Management LLC bought a new position in Winmark during the 3rd quarter worth approximately $271,000. Finally, Exchange Traded Concepts LLC bought a new position in Winmark during the 3rd quarter worth approximately $304,000. Hedge funds and other institutional investors own 73.32% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Ronald G. Olson sold 3,659 shares of Winmark stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $424.21, for a total value of $1,552,184.39. Following the sale, the insider now directly owns 146,335 shares in the company, valued at approximately $62,076,770.35. This trade represents a 2.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.60% of the stock is owned by corporate insiders.

Winmark Stock Performance

WINA traded up $4.00 on Thursday, hitting $393.00. 18,968 shares of the company were exchanged, compared to its average volume of 18,761. The firm has a fifty day simple moving average of $398.84 and a two-hundred day simple moving average of $384.85. Winmark Co. has a 12 month low of $330.25 and a 12 month high of $431.67. The stock has a market capitalization of $1.38 billion, a PE ratio of 35.96 and a beta of 0.83.

Winmark Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 12th will be given a dividend of $0.90 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.60 annualized dividend and a yield of 0.92%. Winmark's payout ratio is 32.94%.

Winmark Company 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.