Segall Bryant & Hamill LLC Acquires Shares of 27,240 Weyco Group, Inc. (NASDAQ:WEYS)

Segall Bryant & Hamill LLC bought a new position in Weyco Group, Inc. (NASDAQ:WEYS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,240 shares of the textile maker’s stock, valued at approximately $1,023,000.

Several other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its holdings in Weyco Group by 22,965.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,146 shares of the textile maker’s stock worth $606,000 after acquiring an additional 16,076 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Weyco Group by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock worth $405,000 after purchasing an additional 4,990 shares during the period. Barclays PLC grew its stake in shares of Weyco Group by 263.8% in the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after purchasing an additional 5,803 shares during the last quarter. Empowered Funds LLC increased its holdings in Weyco Group by 10.7% during the 4th quarter. Empowered Funds LLC now owns 39,890 shares of the textile maker’s stock valued at $1,498,000 after purchasing an additional 3,848 shares during the period. Finally, Annex Advisory Services LLC raised its position in Weyco Group by 36.7% during the 4th quarter. Annex Advisory Services LLC now owns 34,428 shares of the textile maker’s stock valued at $1,293,000 after purchasing an additional 9,245 shares during the last quarter. 23.59% of the stock is owned by hedge funds and other institutional investors.

Weyco Group Trading Down 2.0 %

Shares of Weyco Group stock opened at $30.29 on Friday. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05. The company has a market cap of $289.54 million, a P/E ratio of 10.03 and a beta of 0.71. The company’s fifty day simple moving average is $33.77 and its two-hundred day simple moving average is $34.65.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The company had revenue of $80.47 million for the quarter.

Weyco Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Friday, March 14th. Weyco Group’s dividend payout ratio is currently 32.91%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 18th.

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.