Weyco Group, Inc. (NASDAQ:WEYS) Insider Damian Walton Sells 1,000 Shares

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 stock was sold at an average price of $38.21, for a total transaction of $38,210.00. Following the transaction, the insider now directly owns 6,030 shares in the company, 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 document filed with the SEC, which is available at this link.

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 transaction of $43,550.00.

Weyco Group Stock Performance

Shares of NASDAQ:WEYS opened at $37.35 on Thursday. The firm has a market cap of $354.45 million, a PE ratio of 12.37 and a beta of 0.71. The firm’s 50 day simple moving average is $34.21 and its 200-day simple moving average is $32.14. Weyco Group, Inc. has a one year low of $24.91 and a one year high of $41.05.

Weyco Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 is an increase from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 dividend on an annualized basis and a dividend yield of 24.20%. Weyco Group’s dividend payout ratio (DPR) is currently 34.44%.

Hedge Funds Weigh In On Weyco Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Innealta Capital LLC bought a new position in shares of Weyco Group during the second quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC boosted 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 valued at $52,000 after purchasing an additional 1,654 shares in the last quarter. BNP Paribas Financial Markets boosted 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 valued at $68,000 after purchasing an additional 511 shares in the last quarter. Ritholtz Wealth Management boosted 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 valued at $340,000 after purchasing an additional 1,893 shares in the last quarter. Finally, First Business Financial Services Inc. boosted 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 valued at $446,000 after purchasing an additional 1,000 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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