Insider Selling: Weyco Group, Inc. (NASDAQ:WEYS) VP Sells 1,463 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 1,463 shares of Weyco Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the transaction, the vice president now directly owns 7,623 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link.

Allison Woss also recently made the following trade(s):

• On Wednesday, August 21st, Allison Woss sold 212 shares of Weyco Group stock. The shares were sold at an average price of $33.78, for a total transaction of $7,161.36.

Weyco Group Stock Performance

NASDAQ:WEYS traded up $0.24 during mid-day trading on Friday, hitting $38.06. 7,951 shares of the stock were exchanged, compared to its average volume of 11,441. The firm’s 50-day simple moving average is $34.21 and its 200 day simple moving average is $32.14. Weyco Group, Inc. has a fifty-two week low of $27.05 and a fifty-two week high of $41.05. The stock has a market capitalization of $361.19 million, a price-to-earnings ratio of 12.52 and a beta of 0.71.

Weyco Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, November 18th will be paid a $2.26 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a dividend yield of 23.75%. Weyco Group’s dividend payout ratio is 34.44%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new position in shares of Weyco Group in the 2nd quarter valued at $25,000. Allspring Global Investments Holdings LLC increased its holdings in Weyco Group by 2,329.6% in 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 in the last quarter. BNP Paribas Financial Markets raised its position in Weyco Group by 34.1% in the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 511 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of 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 in the last quarter. Finally, First Business Financial Services Inc. grew its holdings in shares of Weyco Group by 8.3% during the third quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock worth $446,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday.

Weyco Group Company Profile

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.