Weyco Group, Inc. (NASDAQ:WEYS) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 22,965.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,146 shares of the textile maker’s stock after purchasing an additional 16,076 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.17% of Weyco Group worth $606,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of Weyco Group by 34.1% in the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 511 shares during the period. Nisa Investment Advisors LLC boosted its position in Weyco Group by 394.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock worth $103,000 after acquiring an additional 2,000 shares during the last quarter. Barclays PLC boosted 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 worth $273,000 after acquiring an additional 5,803 shares during the last quarter. Ritholtz Wealth Management boosted its position in Weyco Group by 4.8% during the fourth quarter. Ritholtz Wealth Management now owns 10,460 shares of the textile maker’s stock worth $393,000 after acquiring an additional 480 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Weyco Group by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock worth $405,000 after acquiring an additional 4,990 shares during the last quarter. Institutional investors and hedge funds own 23.59% of the company’s stock.

Weyco Group Trading Down 1.1 %

WEYS opened at $35.53 on Tuesday. The firm has a market capitalization of $339.63 million, a PE ratio of 11.76 and a beta of 0.70. Weyco Group, Inc. has a twelve month low of $27.05 and a twelve month high of $41.05. The firm’s 50-day moving average price is $36.11 and its 200 day moving average price is $34.97.

Wall Street Analyst Weigh In

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