Insider Selling: Weyco Group, Inc. (NASDAQ:WEYS) Insider Sells $38,210.00 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $38.21, for a total value of $38,210.00. Following the completion of the transaction, the insider now directly owns 6,030 shares in the company, valued at approximately $230,406.30. This represents a 14.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was sold at an average price of $32.50, for a total value of $43,550.00.

Weyco Group Price Performance

Shares of WEYS opened at $38.89 on Friday. Weyco Group, Inc. has a 1 year low of $27.05 and a 1 year high of $41.05. The stock’s fifty day moving average price is $34.45 and its two-hundred day moving average price is $32.24. The firm has a market cap of $369.07 million, a PE ratio of 12.88 and a beta of 0.71.

Weyco Group Increases Dividend

The company also recently disclosed 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. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 dividend on an annualized basis and a yield of 23.25%. The ex-dividend date of this dividend is Monday, November 18th. Weyco Group’s payout ratio is currently 34.44%.

Hedge Funds Weigh In On Weyco Group

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in Weyco Group by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock valued at $699,000 after buying an additional 1,810 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Weyco Group by 5.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock worth $713,000 after purchasing an additional 1,212 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Weyco Group by 83.6% in the first 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 during the last quarter. Vanguard Group Inc. increased its position in shares of Weyco Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock worth $10,818,000 after purchasing an additional 2,799 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Weyco Group by 23.4% in 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. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Analyst Ratings Changes

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

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.