Weyco Group, Inc. (NASDAQ:WEYS) Shares Acquired by Barclays PLC

Barclays PLC lifted its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 263.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,003 shares of the textile maker’s stock after buying an additional 5,803 shares during the quarter. Barclays PLC owned approximately 0.08% of Weyco Group worth $273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in Weyco Group by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 89,620 shares of the textile maker’s stock worth $2,717,000 after purchasing an additional 2,190 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Weyco Group by 2,329.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock valued at $52,000 after buying an additional 1,654 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Weyco Group by 9.1% in the second quarter. Acadian Asset Management LLC now owns 23,921 shares of the textile maker’s stock valued at $724,000 after buying an additional 2,002 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Weyco Group by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock valued at $16,947,000 after buying an additional 8,930 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Weyco Group by 4.9% in the second quarter. Renaissance Technologies LLC now owns 27,726 shares of the textile maker’s stock valued at $841,000 after buying an additional 1,300 shares during the last quarter. 23.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Weyco Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th.

Insider Buying and Selling at Weyco Group

In other Weyco Group news, insider Damian Walton sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $38.21, for a total value of $38,210.00. Following the sale, the insider now directly owns 6,030 shares of the company’s stock, valued at approximately $230,406.30. This trade represents a 14.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $37.98, for a total value of $109,876.14. Following the completion of the transaction, the chief financial officer now directly owns 13,100 shares in the company, valued at $497,538. This represents a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,685 shares of company stock valued at $214,730. Insiders own 38.90% of the company’s stock.

Weyco Group Stock Performance

NASDAQ:WEYS opened at $36.74 on Monday. The firm has a market cap of $351.20 million, a P/E ratio of 12.17 and a beta of 0.71. The stock’s 50 day simple moving average is $36.11 and its 200-day simple moving average is $33.79. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05.

Weyco Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th were issued a $2.26 dividend. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, November 18th. This represents a $9.04 annualized dividend and a yield of 24.61%. Weyco Group’s dividend payout ratio is 34.44%.

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.