BNP Paribas Financial Markets Sells 786 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

BNP Paribas Financial Markets trimmed its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,224 shares of the textile maker’s stock after selling 786 shares during the period. BNP Paribas Financial Markets’ holdings in Weyco Group were worth $46,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Weyco Group by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 576,684 shares of the textile maker’s stock worth $21,654,000 after acquiring an additional 9,208 shares during the period. Northern Trust Corp raised its holdings in shares of Weyco Group by 0.8% during the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker’s stock worth $2,295,000 after acquiring an additional 463 shares during the period. Empowered Funds LLC raised its holdings in shares of Weyco Group by 10.7% during the fourth quarter. Empowered Funds LLC now owns 39,890 shares of the textile maker’s stock worth $1,498,000 after acquiring an additional 3,848 shares during the period. AMG National Trust Bank raised its holdings in shares of Weyco Group by 1.3% during the fourth quarter. AMG National Trust Bank now owns 36,859 shares of the textile maker’s stock worth $1,362,000 after acquiring an additional 463 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Weyco Group during the fourth quarter worth $1,023,000. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Weyco Group Stock Up 0.2%

Shares of NASDAQ:WEYS opened at $31.70 on Wednesday. Weyco Group, Inc. has a 12 month low of $25.51 and a 12 month high of $41.05. The company’s fifty day simple moving average is $30.33 and its 200 day simple moving average is $33.24. The firm has a market cap of $303.65 million, a price-to-earnings ratio of 10.50 and a beta of 0.91.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Tuesday, May 6th. The textile maker reported $0.57 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%. The firm had revenue of $68.03 million for the quarter.

Weyco Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 16th will be paid a $0.27 dividend. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, May 16th. Weyco Group’s payout ratio is presently 35.53%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Weyco Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 9th.

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.