Weyco Group, Inc. (WEYS) To Go Ex-Dividend on August 18th

Weyco Group, Inc. (NASDAQ:WEYS) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, August 18th will be paid a dividend of 0.28 per share by the textile maker on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 18th.

Weyco Group has raised its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 3 years.

Weyco Group Stock Performance

NASDAQ:WEYS opened at $45.26 on Friday. The firm has a market cap of $431.33 million, a PE ratio of 12.47 and a beta of 0.88. Weyco Group has a fifty-two week low of $27.25 and a fifty-two week high of $48.67. The business has a 50 day moving average price of $39.41 and a 200-day moving average price of $35.32.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, August 4th. The textile maker reported $1.39 EPS for the quarter. Weyco Group had a net margin of 12.39% and a return on equity of 14.04%. The company had revenue of $62.22 million for the quarter.

Insiders Place Their Bets

In other Weyco Group news, insider Damian Walton sold 1,100 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $47,300.00. Following the transaction, the insider directly owned 6,580 shares of the company’s stock, valued at approximately $282,940. The trade was a 14.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Judy Anderson sold 2,602 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $43.27, for a total transaction of $112,588.54. Following the completion of the transaction, the chief financial officer owned 14,418 shares of the company’s stock, valued at $623,866.86. This trade represents a 15.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 8,737 shares of company stock worth $374,746. Insiders own 36.40% of the company’s stock.

Hedge Funds Weigh In On Weyco Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co purchased a new stake in Weyco Group in the fourth quarter worth about $30,000. BNP Paribas Financial Markets grew its holdings in shares of Weyco Group by 107.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,609 shares of the textile maker’s stock worth $48,000 after acquiring an additional 832 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Weyco Group by 172.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker’s stock worth $59,000 after acquiring an additional 1,133 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Weyco Group during the 4th quarter worth approximately $55,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Weyco Group in the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Weyco Group Company Profile

Weyco Group, Inc is a publicly traded footwear company (NASDAQ: WEYS) based in Glendale, Wisconsin, that designs, sources, markets and distributes branded footwear products. The company operates through a portfolio of five consumer brands—Florsheim, Stacy Adams, Nunn Bush, BOGS and Rafters—offering a full range of dress, casual and performance footwear for men and women.

The Florsheim brand, with roots dating back to 1892, provides classic and contemporary men’s dress shoe styles, while Stacy Adams and Nunn Bush deliver fashion-forward and casual offerings.