Weyco Group, Inc. (NASDAQ:WEYS) CFO Sells $109,876.14 in Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the sale, the chief financial officer now directly owns 13,100 shares in the company, valued at approximately $497,538. The trade was a 18.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Weyco Group Trading Up 1.5 %

Shares of NASDAQ:WEYS traded up $0.58 during trading on Friday, reaching $38.40. The company’s stock had a trading volume of 11,877 shares, compared to its average volume of 11,458. The stock has a market capitalization of $364.42 million, a PE ratio of 12.52 and a beta of 0.71. Weyco Group, Inc. has a 12 month low of $27.05 and a 12 month high of $41.05. The firm’s 50 day simple moving average is $34.21 and its two-hundred day simple moving average is $32.14.

Weyco Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $2.26 per share. This represents a $9.04 annualized dividend and a yield of 23.54%. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, November 18th. Weyco Group’s payout ratio is presently 34.44%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Weyco Group

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Weyco Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after acquiring an additional 8,930 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Weyco Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock valued at $10,818,000 after purchasing an additional 2,799 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Weyco Group by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 89,620 shares of the textile maker’s stock worth $2,717,000 after buying an additional 2,190 shares during the period. Empowered Funds LLC lifted its stake in shares of Weyco Group by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 36,042 shares of the textile maker’s stock worth $1,227,000 after purchasing an additional 1,742 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in 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 purchasing an additional 1,300 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors.

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.