Annex Advisory Services LLC Has $545,000 Stock Holdings in Weyco Group, Inc. (NASDAQ:WEYS)

Annex Advisory Services LLC grew its holdings in Weyco Group, Inc. (NASDAQ:WEYS) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,101 shares of the textile maker’s stock after buying an additional 1,244 shares during the quarter. Annex Advisory Services LLC owned 0.18% of Weyco Group worth $545,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WEYS. AJOVista LLC acquired a new position in shares of Weyco Group in the 4th quarter valued at $50,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Weyco Group in the 4th quarter valued at $56,000. Denali Advisors LLC acquired a new position in shares of Weyco Group in the 4th quarter valued at $78,000. Strs Ohio acquired a new position in shares of Weyco Group in the 4th quarter valued at $90,000. Finally, LSV Asset Management acquired a new position in shares of Weyco Group in the 4th quarter valued at $94,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Insider Transactions at Weyco Group

In other news, VP Katherine Destinon sold 1,600 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $29.50, for a total value of $47,200.00. Following the sale, the vice president now owns 3,789 shares of the company’s stock, valued at approximately $111,775.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 38.90% of the stock is owned by insiders.

Weyco Group Stock Performance

WEYS opened at $29.12 on Wednesday. The firm’s 50-day simple moving average is $29.54 and its 200-day simple moving average is $30.60. 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 $276.64 million, a price-to-earnings ratio of 9.49 and a beta of 0.74.

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. Weyco Group had a net margin of 9.69% and a return on equity of 12.27%. The business had revenue of $71.56 million for the quarter.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a $0.26 dividend. This is a positive change from Weyco Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.04 annualized dividend and a dividend yield of 3.57%. Weyco Group’s dividend payout ratio is presently 33.88%.

Weyco Group 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.