Dustin Combs Sells 4,016 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYSGet Free Report) VP Dustin Combs sold 4,016 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total transaction of $115,700.96. Following the completion of the transaction, the vice president now directly owns 2,150 shares in the company, valued at $61,941.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Weyco Group Stock Up 1.6 %

Weyco Group stock opened at $29.70 on Friday. The stock has a market cap of $282.09 million, a P/E ratio of 9.40 and a beta of 0.84. Weyco Group, Inc. has a twelve month low of $21.98 and a twelve month high of $33.70. The company’s 50-day moving average price is $31.65 and its two-hundred day moving average price is $29.38.

Weyco Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 3.37%. Weyco Group’s dividend payout ratio is currently 31.65%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WEYS. State Street Corp increased its holdings in shares of Weyco Group by 160.6% during the second quarter. State Street Corp now owns 66,830 shares of the textile maker’s stock worth $1,634,000 after purchasing an additional 41,185 shares during the period. Northern Trust Corp increased its stake in Weyco Group by 182.9% in the second quarter. Northern Trust Corp now owns 60,646 shares of the textile maker’s stock valued at $1,482,000 after acquiring an additional 39,206 shares during the last quarter. First Trust Advisors LP bought a new position in Weyco Group in the third quarter valued at approximately $359,000. Russell Investments Group Ltd. increased its stake in Weyco Group by 42.4% in the second quarter. Russell Investments Group Ltd. now owns 39,231 shares of the textile maker’s stock valued at $1,047,000 after acquiring an additional 11,675 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Weyco Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker’s stock valued at $6,231,000 after acquiring an additional 11,049 shares during the last quarter. 23.77% of the stock is owned by institutional investors.

About Weyco Group

(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.

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