Weyco Group, Inc. (NASDAQ:WEYS) VP Sells $11,327.47 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 329 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $34.43, for a total value of $11,327.47. Following the sale, the vice president now directly owns 2,700 shares in the company, valued at $92,961. This trade represents a 10.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dustin Combs also recently made the following trade(s):

• On Wednesday, September 4th, Dustin Combs sold 173 shares of Weyco Group stock. The stock was sold at an average price of $32.73, for a total value of $5,662.29.
• On Thursday, August 29th, Dustin Combs sold 144 shares of Weyco Group stock. The stock was sold at an average price of $34.09, for a total transaction of $4,908.96.
• On Tuesday, August 27th, Dustin Combs sold 677 shares of Weyco Group stock. The stock was sold at an average price of $34.13, for a total value of $23,106.01.

Weyco Group Trading Up 1.2 %

NASDAQ WEYS opened at $36.45 on Friday. Weyco Group, Inc. has a 1-year low of $27.05 and a 1-year high of $41.05. The firm’s fifty day simple moving average is $34.72 and its 200-day simple moving average is $32.42. The company has a market capitalization of $348.46 million, a PE ratio of 12.07 and a beta of 0.71.

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 given a $2.26 dividend. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a yield of 24.80%. The ex-dividend date is Monday, November 18th. Weyco Group’s dividend payout ratio is presently 34.44%.

Institutional Investors Weigh In On Weyco Group

Several institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in Weyco Group in the second quarter worth approximately $25,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Weyco Group by 2,329.6% in the 2nd 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 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 worth $68,000 after purchasing an additional 511 shares in the last quarter. Barclays PLC increased its position in Weyco Group by 263.8% during the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after buying an additional 5,803 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Weyco Group by 23.4% in 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 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 shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.

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.