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 firm’s 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 completion of the sale, the insider now owns 6,030 shares of the company’s stock, valued at approximately $230,406.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Stock Up 0.3 %

Shares of WEYS opened at $37.35 on Thursday. The company has a market cap of $354.45 million, a price-to-earnings ratio of 12.37 and a beta of 0.71. Weyco Group, Inc. has a twelve month low of $24.91 and a twelve month high of $41.05. The company has a 50 day moving average of $34.21 and a two-hundred day moving average of $32.14.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be paid a $2.26 dividend. This represents a $9.04 annualized dividend and a yield of 24.20%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, November 18th. Weyco Group’s dividend payout ratio (DPR) is 34.44%.

Institutional Investors Weigh In On Weyco Group

Several institutional investors and hedge funds have recently made changes to their positions in WEYS. Innealta Capital LLC acquired a new stake in shares of Weyco Group during the second quarter worth $25,000. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 1,654 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Weyco Group by 34.1% during the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after buying an additional 511 shares during the period. Ritholtz Wealth Management lifted 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 worth $340,000 after buying an additional 1,893 shares during the period. Finally, First Business Financial Services Inc. lifted its stake 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 buying an additional 1,000 shares during the period. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 7th.

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.