Judy Anderson Sells 2,893 Shares of Weyco Group, Inc. (NASDAQ:WEYS) Stock

Weyco Group, Inc. (NASDAQ:WEYS) CFO Judy Anderson sold 2,893 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total transaction of $109,876.14. Following the sale, the chief financial officer now owns 13,100 shares of the company’s stock, valued at approximately $497,538. This represents a 18.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Weyco Group Trading Up 2.8 %

NASDAQ:WEYS opened at $38.89 on Monday. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05. The stock’s 50 day simple moving average is $34.45 and its 200-day simple moving average is $32.29. The firm has a market cap of $371.79 million, a P/E ratio of 12.88 and a beta of 0.71.

Weyco Group Increases Dividend

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

Institutional Trading of Weyco Group

Several hedge funds have recently made changes to their positions in the company. State Street Corp raised its holdings in Weyco Group by 0.4% during the third quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock worth $3,092,000 after purchasing an additional 375 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Weyco Group by 34.1% in the third 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. Janney Montgomery Scott LLC grew its holdings in Weyco Group by 3.3% during the third quarter. Janney Montgomery Scott LLC now owns 23,432 shares of the textile maker’s stock worth $798,000 after acquiring an additional 757 shares during the period. Innealta Capital LLC purchased a new position in Weyco Group in the second quarter worth $25,000. Finally, First Business Financial Services Inc. raised its position in Weyco Group by 8.3% in the third quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock worth $446,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analyst Ratings Changes

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

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.