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

Weyco Group, Inc. (NASDAQ:WEYS) insider Damian Walton sold 1,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $38.21, for a total value of $38,210.00. Following the completion of the sale, the insider now directly owns 6,030 shares of the company’s stock, valued at approximately $230,406.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value of $43,550.00.

Weyco Group Trading Up 1.7 %

Weyco Group stock traded up $0.63 during mid-day trading on Wednesday, hitting $37.85. The company’s stock had a trading volume of 2,335 shares, compared to its average volume of 11,355. The firm has a market capitalization of $359.20 million, a PE ratio of 12.48 and a beta of 0.71. Weyco Group, Inc. has a 1 year low of $24.91 and a 1 year high of $41.05. The stock’s fifty day moving average is $34.12 and its two-hundred day moving average is $32.10.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, November 18th will be issued 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 dividend yield of 23.88%. The ex-dividend date is Monday, November 18th. Weyco Group’s dividend payout ratio is currently 34.44%.

Hedge Funds Weigh In On Weyco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WEYS. Innealta Capital LLC acquired a new stake in Weyco Group during the 2nd quarter worth approximately $25,000. Allspring Global Investments Holdings LLC increased its position 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 acquiring an additional 1,654 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Weyco Group by 83.6% in the first quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock valued at $102,000 after acquiring an additional 1,456 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in Weyco Group by 23.4% in 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 during the period. Finally, First Business Financial Services Inc. boosted its stake in shares of Weyco Group by 8.3% in the 3rd quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock valued at $446,000 after buying an additional 1,000 shares during the period. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.