Annex Advisory Services LLC boosted its stake in Weyco Group, Inc. (NASDAQ:WEYS – Free Report) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,428 shares of the textile maker’s stock after purchasing an additional 9,245 shares during the period. Annex Advisory Services LLC owned about 0.36% of Weyco Group worth $1,293,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Weyco Group by 34.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after purchasing an additional 511 shares in the last quarter. Barclays PLC boosted its holdings in Weyco Group by 263.8% in 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 in the last quarter. Ritholtz Wealth Management grew its stake 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. increased its holdings in shares of Weyco Group by 72.1% during the third quarter. JPMorgan Chase & Co. now owns 11,912 shares of the textile maker’s stock valued at $405,000 after acquiring an additional 4,990 shares in the last quarter. Finally, First Business Financial Services Inc. increased its holdings in shares of Weyco Group by 8.3% during the third quarter. First Business Financial Services Inc. now owns 13,096 shares of the textile maker’s stock valued at $446,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 23.59% of the company’s stock.
Insider Transactions at Weyco Group
In other news, VP Allison Woss sold 1,463 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $37.81, for a total value of $55,316.03. Following the completion of the sale, the vice president now owns 7,623 shares in the company, valued at $288,225.63. This represents a 16.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Judy Anderson sold 2,893 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $37.98, for a total transaction of $109,876.14. Following the completion of the sale, the chief financial officer now owns 13,100 shares of the company’s stock, valued at approximately $497,538. The trade was a 18.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,685 shares of company stock worth $214,730 in the last quarter. 38.90% of the stock is currently owned by corporate insiders.
Weyco Group Trading Up 0.2 %
Weyco Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, November 18th were paid a dividend of $2.26 per share. This represents a $9.04 dividend on an annualized basis and a yield of 25.62%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.26. Weyco Group’s payout ratio is 34.44%.
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 note on Friday, November 15th.
Read Our Latest Research Report on Weyco Group
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.
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