Annex Advisory Services LLC Buys 9,245 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

Annex Advisory Services LLC boosted its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 36.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,428 shares of the textile maker’s stock after buying an additional 9,245 shares during the quarter. Annex Advisory Services LLC’s holdings in Weyco Group were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in Weyco Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after purchasing an additional 8,930 shares during the last quarter. Barclays PLC lifted its holdings in Weyco Group by 263.8% during the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 5,803 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Weyco Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock valued at $5,271,000 after purchasing an additional 5,307 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Weyco Group by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock valued at $405,000 after purchasing an additional 4,990 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Weyco Group by 23.4% during the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after purchasing an additional 1,893 shares during the last quarter. Institutional investors own 23.59% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

Weyco Group Stock Up 0.2 %

NASDAQ WEYS opened at $35.28 on Tuesday. The company has a market cap of $337.24 million, a PE ratio of 11.68 and a beta of 0.71. Weyco Group, Inc. has a 52 week low of $27.05 and a 52 week high of $41.05. The firm’s 50-day simple moving average is $35.96 and its two-hundred day simple moving average is $34.26.

Weyco Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th were issued a $2.26 dividend. This represents a $9.04 dividend on an annualized basis and a dividend yield of 25.62%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, November 18th. Weyco Group’s dividend payout ratio is presently 34.44%.

Insider Transactions at Weyco Group

In other news, VP Allison Woss sold 1,463 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total value of $55,316.03. Following the sale, the vice president now directly owns 7,623 shares of the company’s stock, valued at approximately $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Judy Anderson sold 2,893 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the sale, the chief financial officer now directly owns 13,100 shares in the company, valued at approximately $497,538. The trade was a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,685 shares of company stock valued at $214,730. 38.90% of the stock is currently owned by corporate insiders.

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.