Damian Walton Sells 720 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) insider Damian Walton sold 720 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $30.75, for a total value of $22,140.00. Following the completion of the transaction, the insider now directly owns 6,955 shares of the company’s stock, valued at approximately $213,866.25. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Weyco Group Stock Down 0.6 %

Shares of WEYS stock opened at $29.86 on Thursday. The business’s fifty day moving average is $31.36 and its 200 day moving average is $29.71. The stock has a market cap of $283.97 million, a price-to-earnings ratio of 9.45 and a beta of 0.83. Weyco Group, Inc. has a twelve month low of $24.47 and a twelve month high of $33.70.

Weyco Group (NASDAQ:WEYSGet Free Report) last announced its earnings results on Tuesday, March 5th. The textile maker reported $0.90 EPS for the quarter. Weyco Group had a net margin of 9.49% and a return on equity of 12.88%.

Weyco Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Thursday, March 14th. Weyco Group’s dividend payout ratio (DPR) is presently 31.65%.

Hedge Funds Weigh In On Weyco Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Weyco Group by 8.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,724 shares of the textile maker’s stock worth $153,000 after purchasing an additional 424 shares in the last quarter. Royal Bank of Canada boosted its holdings in Weyco Group by 2.6% in the fourth quarter. Royal Bank of Canada now owns 17,957 shares of the textile maker’s stock worth $564,000 after acquiring an additional 460 shares in the last quarter. Morgan Stanley grew its stake in shares of Weyco Group by 16.4% in the fourth quarter. Morgan Stanley now owns 3,741 shares of the textile maker’s stock worth $79,000 after acquiring an additional 528 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Weyco Group by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 49,808 shares of the textile maker’s stock worth $1,231,000 after acquiring an additional 591 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Weyco Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 16,764 shares of the textile maker’s stock valued at $355,000 after acquiring an additional 677 shares in the last quarter. Institutional investors own 23.59% of the company’s stock.

About Weyco Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Weyco Group (NASDAQ:WEYS)

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