Janney Montgomery Scott LLC Has $798,000 Position in Weyco Group, Inc. (NASDAQ:WEYS)

Janney Montgomery Scott LLC boosted its holdings in Weyco Group, Inc. (NASDAQ:WEYS) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,432 shares of the textile maker’s stock after purchasing an additional 757 shares during the quarter. Janney Montgomery Scott LLC owned about 0.25% of Weyco Group worth $798,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WEYS. Innealta Capital LLC acquired a new stake in Weyco Group in the 2nd quarter valued at $25,000. Allspring Global Investments Holdings LLC grew its position in Weyco Group by 2,329.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,654 shares during the period. BNP Paribas Financial Markets grew its position in Weyco Group by 83.6% in the 1st quarter. BNP Paribas Financial Markets now owns 3,198 shares of the textile maker’s stock valued at $102,000 after purchasing an additional 1,456 shares during the period. Ritholtz Wealth Management grew its position in Weyco Group by 23.4% in the 3rd quarter. Ritholtz Wealth Management now owns 9,980 shares of the textile maker’s stock valued at $340,000 after purchasing an additional 1,893 shares during the period. Finally, Annex Advisory Services LLC grew its position in Weyco Group by 11.8% in the 2nd quarter. Annex Advisory Services LLC now owns 19,114 shares of the textile maker’s stock valued at $580,000 after purchasing an additional 2,013 shares during the period. Institutional investors and hedge funds own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, VP Allison Woss sold 1,463 shares of Weyco Group stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.81, for a total transaction of $55,316.03. Following the sale, the vice president now directly owns 7,623 shares in the company, valued at $288,225.63. The trade was a 16.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Judy Anderson sold 2,893 shares of Weyco Group stock in a transaction on Tuesday, November 12th. The stock was 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 $497,538. The trade was a 18.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,902 shares of company stock valued at $287,791 in the last three months. 38.90% of the stock is currently owned by insiders.

Weyco Group Price Performance

WEYS opened at $38.89 on Monday. The company has a market capitalization of $369.10 million, a price-to-earnings ratio of 12.88 and a beta of 0.71. The firm’s fifty day moving average price is $34.45 and its two-hundred day moving average price is $32.29. Weyco Group, Inc. has a 1 year low of $27.05 and a 1 year high of $41.05.

Weyco Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a yield of 23.25%. This is an increase from Weyco Group’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, November 18th. Weyco Group’s payout ratio is currently 34.44%.

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.