Weyco Group (NASDAQ:WEYS) Stock Price Passes Below Two Hundred Day Moving Average of $30.48

Weyco Group, Inc. (NASDAQ:WEYS) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $30.48 and traded as low as $29.01. Weyco Group shares last traded at $29.70, with a volume of 19,717 shares traded.

Weyco Group Price Performance

The firm’s 50-day simple moving average is $29.72 and its 200 day simple moving average is $30.48. The firm has a market capitalization of $298.97 million, a price-to-earnings ratio of 10.25 and a beta of 0.73.

Weyco Group (NASDAQ:WEYS) last released its quarterly earnings data on Tuesday, May 7th. The textile maker reported $0.69 earnings per share for the quarter. The business had revenue of $71.56 million for the quarter. Weyco Group had a return on equity of 12.27% and a net margin of 9.69%.

Weyco Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 17th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Weyco Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, May 16th. Weyco Group’s dividend payout ratio is presently 33.88%.

Insider Activity at Weyco Group

In other Weyco Group news, VP Katherine Destinon sold 1,600 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $29.50, for a total value of $47,200.00. Following the completion of the transaction, the vice president now directly owns 3,789 shares in the company, valued at $111,775.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 38.90% of the stock is currently owned by company insiders.

Institutional Trading of Weyco Group

A number of institutional investors have recently bought and sold shares of the company. AJOVista LLC bought a new stake in shares of Weyco Group during the 4th quarter valued at about $50,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Weyco Group during the 4th quarter worth approximately $56,000. Denali Advisors LLC bought a new stake in shares of Weyco Group in the 4th quarter valued at $78,000. Strs Ohio acquired a new position in shares of Weyco Group during the 4th quarter valued at $90,000. Finally, LSV Asset Management bought a new position in Weyco Group during the fourth quarter worth $94,000. Institutional investors own 23.59% of the company’s stock.

Weyco Group Company 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.