Barclays PLC Buys 5,803 Shares of Weyco Group, Inc. (NASDAQ:WEYS)

Barclays PLC boosted its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 263.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,003 shares of the textile maker’s stock after acquiring an additional 5,803 shares during the period. Barclays PLC owned 0.08% of Weyco Group worth $273,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Weyco Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 558,954 shares of the textile maker’s stock worth $16,947,000 after purchasing an additional 8,930 shares during the period. Geode Capital Management LLC increased its position in Weyco Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 154,827 shares of the textile maker’s stock worth $5,271,000 after buying an additional 5,307 shares during the last quarter. State Street Corp raised its stake in shares of Weyco Group by 0.4% in the third quarter. State Street Corp now owns 90,832 shares of the textile maker’s stock valued at $3,092,000 after buying an additional 375 shares during the period. Empowered Funds LLC raised its stake in shares of Weyco Group by 5.1% in the third quarter. Empowered Funds LLC now owns 36,042 shares of the textile maker’s stock valued at $1,227,000 after buying an additional 1,742 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Weyco Group by 4.9% during the 2nd 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 currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Weyco Group news, VP Allison Woss sold 1,463 shares of Weyco Group stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the completion of the transaction, the vice president now owns 7,623 shares of the company’s stock, valued at $288,225.63. The trade was a 16.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Judy Anderson sold 2,893 shares of the company’s 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 sale, the chief financial officer now owns 13,100 shares in the company, valued at approximately $497,538. This represents a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,685 shares of company stock worth $214,730 over the last 90 days. Corporate insiders own 38.90% of the company’s stock.

Weyco Group Stock Up 0.2 %

NASDAQ WEYS opened at $35.28 on Tuesday. The firm has a market cap of $337.24 million, a P/E ratio of 11.68 and a beta of 0.71. The company’s 50 day moving average is $35.96 and its 200-day moving average is $34.26. Weyco Group, Inc. has a 12-month low of $27.05 and a 12-month high of $41.05.

Weyco Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $2.26 per share. This is a boost 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 dividend on an annualized basis and a yield of 25.62%. Weyco Group’s payout ratio is presently 34.44%.

Weyco Group 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.