SG Americas Securities LLC Makes New Investment in Weyco Group, Inc. (NASDAQ:WEYS)

SG Americas Securities LLC bought a new stake in Weyco Group, Inc. (NASDAQ:WEYS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,252 shares of the textile maker’s stock, valued at approximately $102,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its position in Weyco Group by 160.6% during the second quarter. State Street Corp now owns 66,830 shares of the textile maker’s stock valued at $1,634,000 after purchasing an additional 41,185 shares in the last quarter. Northern Trust Corp boosted its stake in Weyco Group by 182.9% in the second quarter. Northern Trust Corp now owns 60,646 shares of the textile maker’s stock valued at $1,482,000 after buying an additional 39,206 shares in the last quarter. First Trust Advisors LP bought a new position in Weyco Group in the third quarter valued at about $359,000. Russell Investments Group Ltd. raised its stake in Weyco Group by 42.4% during the second quarter. Russell Investments Group Ltd. now owns 39,231 shares of the textile maker’s stock worth $1,047,000 after acquiring an additional 11,675 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Weyco Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker’s stock worth $6,231,000 after acquiring an additional 11,049 shares during the last quarter. 23.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Weyco Group news, VP Dustin Combs sold 4,016 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.81, for a total value of $115,700.96. Following the completion of the transaction, the vice president now directly owns 2,150 shares in the company, valued at $61,941.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 38.90% of the stock is currently owned by corporate insiders.

Weyco Group Trading Up 2.6 %

WEYS opened at $29.14 on Friday. The company has a market cap of $277.03 million, a P/E ratio of 9.22 and a beta of 0.83. The company’s 50 day moving average is $30.65 and its 200-day moving average is $29.92. Weyco Group, Inc. has a 1-year low of $24.47 and a 1-year high of $33.70.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings data on Tuesday, March 5th. The textile maker reported $0.90 EPS for the quarter. Weyco Group had a net margin of 9.49% and a return on equity of 12.88%.

Weyco Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, March 14th. Weyco Group’s dividend payout ratio (DPR) is 31.65%.

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.