Weyco Group, Inc. (NASDAQ:WEYS) Insider Damian Walton Sells 1,340 Shares

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,340 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $32.50, for a total transaction of $43,550.00. Following the completion of the sale, the insider now directly owns 7,030 shares of the company’s stock, valued at approximately $228,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Weyco Group Stock Performance

Shares of NASDAQ:WEYS opened at $32.84 on Thursday. Weyco Group, Inc. has a 52 week low of $24.47 and a 52 week high of $35.24. The company has a market capitalization of $311.98 million, a PE ratio of 10.70 and a beta of 0.71. The company has a 50 day moving average price of $32.37 and a two-hundred day moving average price of $30.73.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 6th. The textile maker reported $0.59 EPS for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The firm had revenue of $63.93 million during the quarter.

Weyco Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, August 19th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, August 19th. Weyco Group’s payout ratio is presently 33.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Weyco Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after buying an additional 8,930 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $10,818,000 after buying an additional 2,799 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 2,190 shares during the period. Empowered Funds LLC boosted its holdings 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 valued at $1,019,000 after buying an additional 5,656 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Weyco Group by 4.9% in the second quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker’s stock valued at $841,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 23.59% of the company’s stock.

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.