Weyco Group, Inc. (NASDAQ:WEYS) Insider Damian Walton Sells 720 Shares

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) insider Damian Walton sold 720 shares of Weyco Group stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $30.75, for a total value of $22,140.00. Following the sale, the insider now directly owns 6,955 shares in the company, valued at $213,866.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Weyco Group Stock Performance

NASDAQ WEYS traded down $0.71 during trading on Tuesday, reaching $29.91. 3,866 shares of the company traded hands, compared to its average volume of 10,132. The stock’s 50 day moving average price is $31.44 and its two-hundred day moving average price is $29.70. The company has a market cap of $284.44 million, a price-to-earnings ratio of 9.69 and a beta of 0.83. Weyco Group, Inc. has a 1-year low of $24.47 and a 1-year high of $33.70.

Weyco Group (NASDAQ:WEYSGet Free Report) last announced its earnings results on Tuesday, March 5th. The textile maker reported $0.90 EPS for the quarter. Weyco Group had a return on equity of 12.88% and a net margin of 9.49%.

Weyco Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, March 14th. Weyco Group’s payout ratio is currently 31.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WEYS. Barclays PLC boosted its holdings in shares of Weyco Group by 533.6% in the 4th quarter. Barclays PLC now owns 1,584 shares of the textile maker’s stock worth $33,000 after acquiring an additional 1,334 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new position in shares of Weyco Group in the 2nd quarter worth approximately $35,000. AJOVista LLC acquired a new position in shares of Weyco Group in the 4th quarter worth approximately $50,000. Citigroup Inc. boosted its holdings in shares of Weyco Group by 95,650.0% in the 2nd quarter. Citigroup Inc. now owns 1,915 shares of the textile maker’s stock worth $51,000 after acquiring an additional 1,913 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Weyco Group in the 4th quarter worth approximately $56,000. 23.59% of the stock is owned by institutional investors and hedge funds.

Weyco Group Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Weyco Group (NASDAQ:WEYS)

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