Weyco Group (NASDAQ:WEYS) Stock Price Passes Below Two Hundred Day Moving Average of $29.81

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 $29.81 and traded as low as $29.54. Weyco Group shares last traded at $30.00, with a volume of 9,242 shares traded.

Weyco Group Trading Down 0.2 %

The firm’s fifty day moving average price is $31.12 and its 200-day moving average price is $29.81. The company has a market cap of $285.30 million, a P/E ratio of 9.49 and a beta of 0.83.

Weyco Group (NASDAQ:WEYS) last posted its quarterly 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 company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, March 14th. Weyco Group’s dividend payout ratio (DPR) is currently 31.65%.

Insider Activity at Weyco Group

In other Weyco Group news, VP Dustin Combs sold 4,016 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total value of $115,700.96. Following the transaction, the vice president now directly owns 2,150 shares in the company, valued at approximately $61,941.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 41.20% of the stock is currently owned by company insiders.

Institutional Trading of Weyco Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC increased its stake in Weyco Group by 533.6% during the 4th quarter. Barclays PLC now owns 1,584 shares of the textile maker’s stock worth $33,000 after purchasing an additional 1,334 shares in the last quarter. BNP Paribas Arbitrage SA bought a new stake in shares of Weyco Group during the 2nd quarter worth about $35,000. AJOVista LLC acquired a new stake in Weyco Group during the 4th quarter worth approximately $50,000. Citigroup Inc. boosted its stake in Weyco Group by 95,650.0% in the 2nd quarter. Citigroup Inc. now owns 1,915 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 1,913 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in Weyco Group in the 4th quarter valued at $56,000. Institutional investors own 23.59% of the company’s stock.

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.