Nisa Investment Advisors LLC Grows Stock Holdings in Weyco Group, Inc. (NASDAQ:WEYS)

Nisa Investment Advisors LLC boosted its stake in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 394.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,507 shares of the textile maker’s stock after purchasing an additional 2,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Weyco Group were worth $103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after buying an additional 511 shares during the last quarter. Barclays PLC increased its position in Weyco Group by 263.8% during the third quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 5,803 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in Weyco Group by 23.4% in the third quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after acquiring an additional 1,893 shares during the period. JPMorgan Chase & Co. boosted its position in Weyco Group by 72.1% in the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock worth $405,000 after purchasing an additional 4,990 shares during the last quarter. Finally, First Business Financial Services Inc. grew its stake in shares of Weyco Group by 8.3% during the 3rd quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock valued at $446,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 23.59% of the company’s stock.

Weyco Group Trading Down 0.4 %

WEYS opened at $36.56 on Friday. Weyco Group, Inc. has a 1-year low of $27.05 and a 1-year high of $41.05. The firm’s 50 day simple moving average is $35.85 and its two-hundred day simple moving average is $34.55. The company has a market capitalization of $349.51 million, a PE ratio of 12.11 and a beta of 0.71.

Weyco Group (NASDAQ:WEYS) last announced its earnings results on Tuesday, November 5th. The textile maker reported $0.84 EPS for the quarter. The company had revenue of $74.33 million for the quarter. Weyco Group had a return on equity of 11.52% and a net margin of 9.94%.

Weyco Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, November 18th were paid a dividend of $2.26 per share. The ex-dividend date was Monday, November 18th. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. This represents a $9.04 dividend on an annualized basis and a dividend yield of 24.73%. Weyco Group’s payout ratio is 34.44%.

Insider Buying and Selling

In related news, insider Damian Walton sold 1,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $38.21, for a total transaction of $38,210.00. Following the completion of the sale, the insider now owns 6,030 shares in the company, valued at approximately $230,406.30. This trade represents a 14.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction that occurred on 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 directly owns 13,100 shares in the company, valued at $497,538. This trade represents a 18.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,685 shares of company stock valued at $214,730. 38.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.