Weyco Group, Inc. (NASDAQ:WEYS – Get Free Report) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 52,200 shares, an increase of 41.5% from the December 15th total of 36,900 shares. Based on an average daily volume of 16,400 shares, the short-interest ratio is presently 3.2 days. Currently, 0.9% of the shares of the company are sold short.
Insider Transactions at Weyco Group
In other Weyco Group news, VP Allison Woss sold 1,463 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total transaction of $55,316.03. Following the sale, the vice president now directly owns 7,623 shares of the company’s stock, valued at $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Damian Walton sold 1,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $38.21, for a total transaction of $38,210.00. Following the transaction, the insider now owns 6,030 shares of the company’s stock, valued at $230,406.30. This represents a 14.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,685 shares of company stock worth $214,730 in the last quarter. Insiders own 38.90% of the company’s stock.
Institutional Trading of Weyco Group
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 511 shares in the last quarter. Barclays PLC grew its position in Weyco Group by 263.8% during the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after buying an additional 5,803 shares in the last quarter. Ritholtz Wealth Management increased its stake in Weyco Group by 23.4% in the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after acquiring an additional 1,893 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Weyco Group by 72.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock worth $405,000 after acquiring an additional 4,990 shares during the last quarter. Finally, First Business Financial Services Inc. raised its holdings 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 acquiring an additional 1,000 shares in the last quarter. 23.59% of the stock is currently owned by hedge funds and other institutional investors.
Weyco Group Stock Up 0.2 %
Weyco Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, November 18th were paid a dividend of $2.26 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $9.04 annualized dividend and a yield of 26.26%. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s payout ratio is currently 34.44%.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.
Get Our Latest Stock Analysis on Weyco Group
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.
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