Nuveen LLC Acquires Shares of 9,094 Weyco Group, Inc. $WEYS

Nuveen LLC acquired a new stake in Weyco Group, Inc. (NASDAQ:WEYS) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 9,094 shares of the textile maker’s stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WEYS. Allspring Global Investments Holdings LLC increased its position in Weyco Group by 48.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker’s stock valued at $728,000 after acquiring an additional 7,752 shares in the last quarter. Deutsche Bank AG increased its position in Weyco Group by 93.0% in the 4th quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker’s stock valued at $339,000 after acquiring an additional 4,348 shares in the last quarter. Lazard Asset Management LLC increased its position in Weyco Group by 34.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,051 shares of the textile maker’s stock valued at $527,000 after acquiring an additional 3,630 shares in the last quarter. Bridgeway Capital Management LLC increased its position in Weyco Group by 3.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 96,490 shares of the textile maker’s stock valued at $3,623,000 after acquiring an additional 3,358 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Weyco Group by 12.3% in the 4th quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker’s stock valued at $450,000 after acquiring an additional 1,313 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Weyco Group Trading Down 1.9%

Shares of NASDAQ WEYS opened at $30.87 on Friday. The firm’s 50-day moving average is $31.17 and its 200-day moving average is $31.10. Weyco Group, Inc. has a 1 year low of $25.51 and a 1 year high of $41.05. The firm has a market capitalization of $294.50 million, a PE ratio of 11.48 and a beta of 1.02.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, August 5th. The textile maker reported $0.24 earnings per share for the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%. The business had revenue of $58.22 million for the quarter.

Weyco Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, August 18th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. Weyco Group’s payout ratio is currently 40.15%.

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.