Allspring Global Investments Holdings LLC Invests $56,000 in Weyco Group, Inc. (NASDAQ:WEYS)

Allspring Global Investments Holdings LLC acquired a new stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,774 shares of the textile maker’s stock, valued at approximately $56,000.

Several other institutional investors have also bought and sold shares of WEYS. First Business Financial Services Inc. increased its stake in 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 period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Weyco Group by 16.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 10,400 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 1,495 shares in the last quarter. Denali Advisors LLC bought a new position in shares of Weyco Group in the fourth quarter valued at approximately $78,000. Janney Montgomery Scott LLC increased its stake in shares of Weyco Group by 23.1% during the third quarter. Janney Montgomery Scott LLC now owns 17,109 shares of the textile maker’s stock valued at $434,000 after acquiring an additional 3,209 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Weyco Group during the fourth quarter worth approximately $102,000. Institutional investors and hedge funds own 23.59% of the company’s stock.

Insider Activity

In related news, VP Dustin Combs sold 4,016 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total value of $115,700.96. Following the sale, the vice president now directly owns 2,150 shares in the company, valued at approximately $61,941.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 38.90% of the company’s stock.

Weyco Group Stock Performance

Shares of NASDAQ WEYS opened at $29.44 on Tuesday. Weyco Group, Inc. has a 1 year low of $24.47 and a 1 year high of $33.70. The firm has a market cap of $279.97 million, a P/E ratio of 9.32 and a beta of 0.83. The stock has a fifty day moving average price of $30.19 and a two-hundred day moving average price of $30.08.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings data on Tuesday, March 5th. The textile maker reported $0.90 earnings per share for the quarter. Weyco Group had a return on equity of 12.88% and a net margin of 9.49%. The business had revenue of $80.59 million during the quarter.

Weyco Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Thursday, March 14th. Weyco Group’s payout ratio is 31.65%.

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.