Weyco Group, Inc. (NASDAQ:WEYS) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,921 shares of the textile maker’s stock after acquiring an additional 2,002 shares during the period. Acadian Asset Management LLC owned 0.25% of Weyco Group worth $724,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Weyco Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 339,323 shares of the textile maker’s stock worth $10,818,000 after purchasing an additional 2,799 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $2,717,000 after acquiring an additional 2,190 shares during the period. Empowered Funds LLC increased its holdings in shares of Weyco Group by 21.5% in the 1st quarter. Empowered Funds LLC now owns 31,960 shares of the textile maker’s stock worth $1,019,000 after acquiring an additional 5,656 shares during the period. O Shaughnessy Asset Management LLC grew its position in Weyco Group by 5.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,352 shares of the textile maker’s stock worth $713,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Weyco Group by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 21,932 shares of the textile maker’s stock valued at $699,000 after buying an additional 1,810 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors.

Weyco Group Price Performance

WEYS opened at $33.86 on Wednesday. Weyco Group, Inc. has a 12 month low of $24.47 and a 12 month high of $35.24. The stock’s 50 day moving average price is $32.80 and its 200 day moving average price is $30.76. The stock has a market cap of $321.67 million, a P/E ratio of 11.03 and a beta of 0.71.

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

Weyco Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, August 19th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, August 19th. Weyco Group’s dividend payout ratio (DPR) is presently 33.88%.

Insider Activity

In related news, insider Damian Walton sold 1,340 shares of the firm’s stock in a transaction dated 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 $228,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 3,078 shares of company stock worth $102,351. 38.90% of the stock is owned by company insiders.

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.