Insider Selling: Weyco Group, Inc. (NASDAQ:WEYS) VP Sells 329 Shares of Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Dustin Combs sold 329 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $34.43, for a total transaction of $11,327.47. Following the completion of the sale, the vice president now directly owns 2,700 shares in the company, valued at approximately $92,961. The trade was a 10.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Dustin Combs also recently made the following trade(s):

• On Wednesday, September 4th, Dustin Combs sold 173 shares of Weyco Group stock. The stock was sold at an average price of $32.73, for a total transaction of $5,662.29.
• On Thursday, August 29th, Dustin Combs sold 144 shares of Weyco Group stock. The stock was sold at an average price of $34.09, for a total transaction of $4,908.96.
• On Tuesday, August 27th, Dustin Combs sold 677 shares of Weyco Group stock. The stock was sold at an average price of $34.13, for a total transaction of $23,106.01.

Weyco Group Stock Up 1.2 %

Shares of NASDAQ WEYS opened at $36.45 on Friday. The firm’s 50-day simple moving average is $34.77 and its 200 day simple moving average is $32.47. The company has a market cap of $348.46 million, a price-to-earnings ratio of 12.07 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.

Weyco Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, November 18th will be given a dividend of $2.26 per share. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, November 18th. This represents a $9.04 annualized dividend and a yield of 24.80%. Weyco Group’s dividend payout ratio is 34.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WEYS. Dimensional Fund Advisors LP lifted its position in Weyco Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock worth $16,947,000 after buying an additional 8,930 shares in the last quarter. Annex Advisory Services LLC lifted its position in Weyco Group by 31.8% during the 3rd quarter. Annex Advisory Services LLC now owns 25,183 shares of the textile maker’s stock valued at $857,000 after purchasing an additional 6,069 shares during the period. Barclays PLC lifted its position in Weyco Group by 263.8% during the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 5,803 shares during the period. Geode Capital Management LLC lifted its position in Weyco Group by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock valued at $5,271,000 after purchasing an additional 5,307 shares during the period. Finally, Vanguard Group Inc. lifted its position in Weyco Group by 0.8% during 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 during the period. Institutional investors and hedge funds own 23.59% of the company’s stock.

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, November 15th.

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.