Allison Woss Sells 1,463 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) VP Allison Woss sold 1,463 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the sale, the vice president now owns 7,623 shares of the company’s stock, valued at approximately $288,225.63. This represents a 16.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Allison Woss also recently made the following trade(s):

• On Wednesday, August 21st, Allison Woss sold 212 shares of Weyco Group stock. The shares were sold at an average price of $33.78, for a total value of $7,161.36.

Weyco Group Stock Up 2.8 %

Shares of NASDAQ:WEYS opened at $38.89 on Friday. The business has a 50 day moving average price of $34.45 and a 200 day moving average price of $32.24. The company has a market cap of $369.07 million, a price-to-earnings ratio of 12.88 and a beta of 0.71. Weyco Group, Inc. has a twelve month low of $27.05 and a twelve month high of $41.05.

Weyco Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be issued a $2.26 dividend. This is a boost from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, November 18th. This represents a $9.04 annualized dividend and a yield of 23.25%. Weyco Group’s dividend payout ratio is 34.44%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WEYS. Innealta Capital LLC bought a new position in Weyco Group during the second quarter worth about $25,000. Allspring Global Investments Holdings LLC lifted its position 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 buying an additional 1,654 shares during the period. BNP Paribas Financial Markets boosted its stake in Weyco Group by 34.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after buying an additional 511 shares in the last quarter. Barclays PLC grew its position in Weyco Group by 263.8% in the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 5,803 shares during the period. Finally, Ritholtz Wealth Management raised its stake in Weyco Group by 23.4% during the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock worth $340,000 after acquiring an additional 1,893 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

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.