Weyco Group, Inc. (NASDAQ:WEYS) Stock Position Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 9.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,921 shares of the textile maker’s stock after buying an additional 2,002 shares during the quarter. Acadian Asset Management LLC’s holdings in Weyco Group were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WEYS. Janney Montgomery Scott LLC raised its holdings in shares of Weyco Group by 17.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,122 shares of the textile maker’s stock worth $631,000 after acquiring an additional 3,013 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Weyco Group by 5.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock valued at $713,000 after purchasing an additional 1,212 shares in the last quarter. BNP Paribas Financial Markets increased its position in Weyco Group by 83.6% in the 1st quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after purchasing an additional 1,456 shares during the last quarter. Vanguard Group Inc. increased its position in Weyco Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock worth $10,818,000 after purchasing an additional 2,799 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Weyco Group by 2,329.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after purchasing an additional 1,654 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Weyco Group Stock Performance

Shares of NASDAQ WEYS opened at $33.86 on Wednesday. The business has a 50 day simple moving average of $32.80 and a 200 day simple moving average of $30.76. Weyco Group, Inc. has a 52 week low of $24.47 and a 52 week high of $35.24. The stock has a market cap of $321.67 million, a price-to-earnings ratio of 11.03 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS) last posted its earnings results on Tuesday, August 6th. The textile maker reported $0.59 EPS for the quarter. Weyco Group had a net margin of 10.04% and a return on equity of 12.31%. The company had revenue of $63.93 million during the quarter.

Weyco Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.07%. The ex-dividend date is Monday, August 19th. Weyco Group’s payout ratio is 33.88%.

Insider Buying and Selling at Weyco Group

In other news, insider Damian Walton sold 1,340 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $32.50, for a total transaction of $43,550.00. Following the completion of the sale, the insider now owns 7,030 shares in the company, valued at approximately $228,475. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 3,078 shares of company stock worth $102,351 over the last three months. Corporate insiders own 38.90% 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.