Wellington Management Group LLP Sells 19,900 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

Wellington Management Group LLP cut its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 16.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,172 shares of the textile maker’s stock after selling 19,900 shares during the period. Wellington Management Group LLP owned 1.07% of Weyco Group worth $2,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WEYS. State Street Corp raised its position in Weyco Group by 160.6% during the second quarter. State Street Corp now owns 66,830 shares of the textile maker’s stock valued at $1,634,000 after purchasing an additional 41,185 shares during the period. Northern Trust Corp increased its holdings in Weyco Group by 182.9% during the 2nd quarter. Northern Trust Corp now owns 60,646 shares of the textile maker’s stock worth $1,482,000 after purchasing an additional 39,206 shares during the period. First Trust Advisors LP purchased a new position in Weyco Group during the 3rd quarter worth $359,000. Russell Investments Group Ltd. increased its holdings in Weyco Group by 42.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 39,231 shares of the textile maker’s stock worth $1,047,000 after purchasing an additional 11,675 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Weyco Group by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker’s stock worth $6,231,000 after purchasing an additional 11,049 shares during the period. 23.59% of the stock is currently owned by hedge funds and other institutional investors.

Weyco Group Stock Up 1.3 %

WEYS opened at $30.99 on Thursday. The stock’s fifty day moving average is $31.46 and its two-hundred day moving average is $29.58. The company has a market capitalization of $294.71 million, a P/E ratio of 9.81 and a beta of 0.84. Weyco Group, Inc. has a 52 week low of $24.25 and a 52 week high of $33.70.

Weyco Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 3.23%. Weyco Group’s payout ratio is currently 31.65%.

Insider Buying and Selling at Weyco Group

In other Weyco Group news, VP Dustin Combs sold 4,016 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total transaction of $115,700.96. Following the sale, the vice president now owns 2,150 shares of the company’s stock, valued at approximately $61,941.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 41.20% of the company’s stock.

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.