Renaissance Technologies LLC Has $841,000 Position in Weyco Group, Inc. (NASDAQ:WEYS)

Renaissance Technologies LLC increased its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,726 shares of the textile maker’s stock after acquiring an additional 1,300 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of Weyco Group worth $841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in WEYS. Innealta Capital LLC acquired a new position in shares of Weyco Group in the 2nd quarter valued at $25,000. Allspring Global Investments Holdings LLC boosted its holdings in Weyco Group by 2,329.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock worth $52,000 after buying an additional 1,654 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Weyco Group by 83.6% during the 1st quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock worth $102,000 after acquiring an additional 1,456 shares during the last quarter. Denali Advisors LLC boosted its position in shares of Weyco Group by 88.0% during the first quarter. Denali Advisors LLC now owns 4,700 shares of the textile maker’s stock worth $150,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in Weyco Group by 7.8% during the first quarter. Annex Advisory Services LLC now owns 17,101 shares of the textile maker’s stock worth $545,000 after acquiring an additional 1,244 shares in the last quarter. Institutional investors own 23.59% of the company’s stock.

Insider Buying and Selling

In other news, insider Damian Walton sold 1,340 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $32.50, for a total transaction of $43,550.00. Following the completion of the transaction, the insider now owns 7,030 shares of the company’s stock, valued at approximately $228,475. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,078 shares of company stock valued at $102,351 over the last 90 days. 38.90% of the stock is owned by corporate insiders.

Weyco Group Stock Performance

Shares of WEYS opened at $33.40 on Tuesday. The firm has a market capitalization of $317.30 million, a PE ratio of 10.88 and a beta of 0.71. Weyco Group, Inc. has a 52-week low of $24.47 and a 52-week high of $35.24. The stock has a 50 day simple moving average of $33.11 and a 200 day simple moving average of $31.16.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.59 earnings per share for the quarter. Weyco Group had a return on equity of 12.31% and a net margin of 10.04%. The firm had revenue of $63.93 million during the quarter.

Weyco Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, August 19th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, August 19th. Weyco Group’s dividend payout ratio (DPR) is 33.88%.

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.