Insider Selling: 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 the stock in a transaction dated Tuesday, November 12th. The shares were 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 $497,538. This represents a 18.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Weyco Group Trading Up 2.8 %

Weyco Group stock opened at $38.89 on Monday. The stock has a market cap of $371.79 million, a P/E ratio of 12.88 and a beta of 0.71. The company has a fifty day simple moving average of $34.45 and a 200-day simple moving average of $32.29. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month 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 given a dividend of $2.26 per share. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 annualized dividend and a dividend yield of 23.25%. The ex-dividend date is Monday, November 18th. Weyco Group’s dividend payout ratio is currently 34.44%.

Institutional Investors Weigh In On Weyco Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in 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 purchasing an additional 1,456 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Weyco Group by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock valued at $699,000 after buying an additional 1,810 shares during the last quarter. Empowered Funds LLC raised its stake in Weyco Group by 21.5% during the 1st quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock worth $1,019,000 after acquiring an additional 5,656 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 2,799 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Weyco Group by 5.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock worth $713,000 after purchasing an additional 1,212 shares during the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Wall Street Analyst Weigh In

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

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.