Damian Walton Sells 1,340 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.50, for a total transaction of $43,550.00. Following the transaction, the insider now owns 7,030 shares in the company, valued at $228,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Weyco Group Trading Up 1.2 %

Shares of WEYS stock opened at $32.84 on Thursday. Weyco Group, Inc. has a 1 year low of $24.47 and a 1 year high of $35.24. The firm’s 50 day moving average is $32.37 and its 200-day moving average is $30.73. The firm has a market capitalization of $311.98 million, a price-to-earnings ratio of 10.70 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, August 6th. The textile maker reported $0.59 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The company had revenue of $63.93 million for the quarter.

Weyco Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, August 19th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, August 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.17%. Weyco Group’s payout ratio is 33.88%.

Institutional Investors Weigh In On Weyco Group

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in shares of Weyco Group by 17.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,122 shares of the textile maker’s stock worth $631,000 after buying an additional 3,013 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Weyco Group by 5.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock worth $713,000 after buying an additional 1,212 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Weyco Group by 83.6% during the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after buying an additional 1,456 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Weyco Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock worth $10,818,000 after buying an additional 2,799 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Weyco Group by 2,329.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after buying an additional 1,654 shares during the last quarter. 23.59% of the stock is owned by institutional investors.

About Weyco Group

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates in two segments, North American Wholesale Operations and North American Retail Operations. The company offers mid-priced leather dress shoes and casual footwear of man-made materials and leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, Rafters, and Forsake brands.