Denali Advisors LLC Raises Stock Holdings in Weyco Group, Inc. (NASDAQ:WEYS)

Denali Advisors LLC raised its position in Weyco Group, Inc. (NASDAQ:WEYS) by 88.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the textile maker’s stock after buying an additional 2,200 shares during the quarter. Denali Advisors LLC’s holdings in Weyco Group were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WEYS. AJOVista LLC acquired a new position in shares of Weyco Group in the fourth quarter valued at approximately $50,000. Allspring Global Investments Holdings LLC acquired a new position in Weyco Group during the fourth quarter worth $56,000. Strs Ohio acquired a new position in Weyco Group during the fourth quarter worth $90,000. LSV Asset Management acquired a new position in Weyco Group during the fourth quarter worth $94,000. Finally, SG Americas Securities LLC acquired a new position in Weyco Group during the fourth quarter worth $102,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Insider Buying and Selling at Weyco Group

In other news, VP Katherine Destinon sold 1,600 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $29.50, for a total value of $47,200.00. Following the sale, the vice president now directly owns 3,789 shares in the company, valued at $111,775.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.90% of the stock is owned by corporate insiders.

Weyco Group Stock Down 0.3 %

WEYS stock traded down $0.08 on Wednesday, reaching $28.78. 3,151 shares of the company’s stock were exchanged, compared to its average volume of 10,442. The stock has a fifty day moving average of $29.64 and a 200-day moving average of $30.58. Weyco Group, Inc. has a twelve month low of $24.47 and a twelve month high of $33.70. The firm has a market cap of $273.41 million, a PE ratio of 9.40 and a beta of 0.73.

Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, May 7th. The textile maker reported $0.69 earnings per share for the quarter. The company had revenue of $71.56 million for the quarter. Weyco Group had a return on equity of 12.27% and a net margin of 9.69%.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were issued a $0.26 dividend. This is a positive change from Weyco Group’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, May 16th. This represents a $1.04 annualized dividend and a yield of 3.61%. Weyco Group’s dividend payout ratio is 33.88%.

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.