SG Americas Securities LLC Purchases New Stake in Weyco Group, Inc. (NASDAQ:WEYS)

SG Americas Securities LLC acquired a new position in Weyco Group, Inc. (NASDAQ:WEYS) during the 4th quarter, HoldingsChannel reports. The fund acquired 3,252 shares of the textile maker’s stock, valued at approximately $102,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Weyco Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 331,562 shares of the textile maker’s stock worth $8,405,000 after purchasing an additional 1,875 shares during the last quarter. Deutsche Bank AG increased its position in Weyco Group by 31.7% in the third quarter. Deutsche Bank AG now owns 3,950 shares of the textile maker’s stock worth $100,000 after buying an additional 951 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Weyco Group by 7.6% in the third quarter. Royal Bank of Canada now owns 17,497 shares of the textile maker’s stock valued at $443,000 after buying an additional 1,237 shares during the period. Lazard Asset Management LLC raised its stake in shares of Weyco Group by 35.4% in the third quarter. Lazard Asset Management LLC now owns 4,673 shares of the textile maker’s stock valued at $118,000 after buying an additional 1,221 shares during the period. Finally, First Business Financial Services Inc. lifted its position in shares of Weyco Group by 9.0% during the 3rd quarter. First Business Financial Services Inc. now owns 12,096 shares of the textile maker’s stock valued at $307,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 23.59% of the company’s stock.

Weyco Group Stock Performance

Shares of WEYS opened at $29.14 on Friday. Weyco Group, Inc. has a fifty-two week low of $24.47 and a fifty-two week high of $33.70. The business has a 50-day moving average of $30.65 and a 200 day moving average of $29.92. The firm has a market cap of $277.03 million, a P/E ratio of 9.22 and a beta of 0.83.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, March 5th. The textile maker reported $0.90 earnings per share for the quarter. Weyco Group had a net margin of 9.49% and a return on equity of 12.88%.

Weyco Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, March 14th. Weyco Group’s dividend payout ratio (DPR) is presently 31.65%.

Insider Activity at Weyco Group

In related news, VP Dustin Combs sold 4,016 shares of the stock in a transaction dated 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 is accessible through the SEC website. 38.90% of the stock is currently owned by corporate insiders.

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.