Allspring Global Investments Holdings LLC Invests $56,000 in Weyco Group, Inc. (NASDAQ:WEYS)

Allspring Global Investments Holdings LLC acquired a new stake in Weyco Group, Inc. (NASDAQ:WEYS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,774 shares of the textile maker’s stock, valued at approximately $56,000.

Other large investors have also made changes to their positions in the company. First Business Financial Services Inc. lifted its holdings in Weyco Group by 9.0% in the 3rd quarter. First Business Financial Services Inc. now owns 12,096 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 1,000 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Weyco Group by 16.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 10,400 shares of the textile maker’s stock valued at $264,000 after buying an additional 1,495 shares during the period. Denali Advisors LLC purchased a new position in shares of Weyco Group during the fourth quarter valued at approximately $78,000. Janney Montgomery Scott LLC boosted its position in Weyco Group by 23.1% during the third quarter. Janney Montgomery Scott LLC now owns 17,109 shares of the textile maker’s stock worth $434,000 after acquiring an additional 3,209 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Weyco Group in the 4th quarter worth approximately $102,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Insider Transactions at Weyco Group

In related news, VP Dustin Combs sold 4,016 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total value of $115,700.96. Following the completion of the sale, the vice president now directly owns 2,150 shares in the company, valued at $61,941.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 38.90% of the company’s stock.

Weyco Group Stock Performance

Shares of WEYS opened at $29.44 on Tuesday. Weyco Group, Inc. has a fifty-two week low of $24.47 and a fifty-two week high of $33.70. The company has a market capitalization of $279.97 million, a PE ratio of 9.32 and a beta of 0.83. The stock has a fifty day moving average of $30.19 and a two-hundred day moving average of $30.08.

Weyco Group (NASDAQ:WEYS) last released its earnings results on Tuesday, March 5th. The textile maker reported $0.90 EPS for the quarter. Weyco Group had a return on equity of 12.88% and a net margin of 9.49%. The firm had revenue of $80.59 million during the quarter.

Weyco Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Thursday, March 14th. Weyco Group’s dividend payout ratio is currently 31.65%.

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.