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

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

Weyco Group Stock Performance

NASDAQ:WEYS opened at $32.45 on Wednesday. The stock has a 50-day simple moving average of $32.30 and a 200 day simple moving average of $30.74. Weyco Group, Inc. has a 52-week low of $24.47 and a 52-week high of $35.24. The company has a market cap of $307.95 million, a PE ratio of 10.57 and a beta of 0.71.

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

Weyco Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.04 annualized dividend and a yield of 3.20%. Weyco Group’s dividend payout ratio (DPR) is presently 33.88%.

Hedge Funds Weigh In On Weyco Group

A number of large investors have recently modified their holdings of the business. Innealta Capital LLC bought a new stake in Weyco Group during the second quarter worth about $25,000. Allspring Global Investments Holdings LLC increased its position in shares of Weyco Group by 2,329.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after purchasing an additional 1,654 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Weyco Group by 83.6% during the 1st quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after purchasing an additional 1,456 shares in the last quarter. Denali Advisors LLC boosted its holdings in shares of Weyco Group by 88.0% in the 1st quarter. Denali Advisors LLC now owns 4,700 shares of the textile maker’s stock valued at $150,000 after buying an additional 2,200 shares during the last quarter. Finally, Annex Advisory Services LLC grew its stake in shares of Weyco Group by 26.8% in the fourth quarter. Annex Advisory Services LLC now owns 15,857 shares of the textile maker’s stock valued at $497,000 after buying an additional 3,347 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

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.