Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson Sells 2,893 Shares

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,893 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the transaction, the chief financial officer now owns 13,100 shares in the company, valued at $497,538. This represents a 18.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Weyco Group Stock Up 2.8 %

Shares of NASDAQ:WEYS opened at $38.89 on Friday. 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 cap of $369.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.71. The firm’s 50 day moving average price is $34.45 and its 200 day moving average price is $32.24.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, November 18th will be paid a dividend of $2.26 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $9.04 dividend on an annualized basis and a dividend yield of 23.25%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s payout ratio is presently 34.44%.

Institutional Trading of Weyco Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of Weyco Group during the 2nd quarter worth about $25,000. Allspring Global Investments Holdings LLC lifted its stake in Weyco Group by 2,329.6% during the second 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 boosted its holdings 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 in the last quarter. Barclays PLC increased its stake in Weyco Group by 263.8% in the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 5,803 shares during the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Weyco Group by 23.4% during the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after purchasing an additional 1,893 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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