Weyco Group, Inc. (NASDAQ:WEYS) Insider Damian Walton Sells 1,000 Shares

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,000 shares of Weyco Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $38.21, for a total transaction of $38,210.00. Following the sale, the insider now directly owns 6,030 shares in the company, valued at $230,406.30. This trade represents a 14.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Damian Walton also recently made the following trade(s):

• On Monday, September 9th, Damian Walton sold 1,340 shares of Weyco Group stock. The shares were sold at an average price of $32.50, for a total transaction of $43,550.00.

Weyco Group Price Performance

NASDAQ:WEYS opened at $37.82 on Friday. Weyco Group, Inc. has a one year low of $26.06 and a one year high of $41.05. The company has a market cap of $358.91 million, a PE ratio of 12.52 and a beta of 0.71. The firm’s 50 day simple moving average is $34.21 and its 200 day simple moving average is $32.14.

Weyco Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a dividend yield of 23.90%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s payout ratio is 34.44%.

Analyst Ratings Changes

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Institutional Trading of Weyco Group

Several institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Weyco Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock worth $16,947,000 after purchasing an additional 8,930 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of Weyco Group by 31.8% during the third quarter. Annex Advisory Services LLC now owns 25,183 shares of the textile maker’s stock worth $857,000 after acquiring an additional 6,069 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Weyco Group by 21.5% in the first quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock worth $1,019,000 after acquiring an additional 5,656 shares during the period. Vanguard Group Inc. boosted its holdings in Weyco Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock valued at $10,818,000 after acquiring an additional 2,799 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Weyco Group by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 89,620 shares of the textile maker’s stock valued at $2,717,000 after acquiring an additional 2,190 shares during the last quarter. Institutional investors own 23.59% of the company’s stock.

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.