Nuveen LLC Invests $277,000 in Weyco Group, Inc. $WEYS

Key Points

• Nuveen LLC has acquired a new stake in Weyco Group, Inc. worth approximately $277,000, indicating continued investor interest in the textile maker.
• Weyco Group declared a quarterly dividend of $0.27 per share, representing an annualized dividend yield of 3.5% and a payout ratio of 40.15%.
• Weyco Group's stock price opened at $30.87, with a market capitalization of $294.50 million and a price-to-earnings ratio of 11.48.

Nuveen LLC acquired a new position in shares of Weyco Group, Inc. (NASDAQ:WEYS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,094 shares of the textile maker's stock, valued at approximately $277,000. Nuveen LLC owned about 0.09% of Weyco Group at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in Weyco Group by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,040 shares of the textile maker's stock valued at $152,000 after purchasing an additional 775 shares during the last quarter. Barclays PLC increased its position in shares of Weyco Group by 13.8% during the fourth quarter. Barclays PLC now owns 9,106 shares of the textile maker's stock worth $342,000 after buying an additional 1,103 shares during the period. Northern Trust Corp increased its position in shares of Weyco Group by 0.8% during the fourth quarter. Northern Trust Corp now owns 61,123 shares of the textile maker's stock worth $2,295,000 after buying an additional 463 shares during the period. Bank of America Corp DE grew its holdings in Weyco Group by 12.3% in the fourth quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker's stock worth $450,000 after purchasing an additional 1,313 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in Weyco Group by 3.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 96,490 shares of the textile maker's stock worth $3,623,000 after purchasing an additional 3,358 shares during the period. Institutional investors own 23.59% of the company's stock.

Weyco Group Stock Performance

WEYS stock traded down $0.27 during mid-day trading on Wednesday, hitting $29.73. The company had a trading volume of 4,238 shares, compared to its average volume of 14,164. The firm has a market cap of $283.58 million, a PE ratio of 11.05 and a beta of 1.02. Weyco Group, Inc. has a 12 month low of $25.51 and a 12 month high of $41.05. The stock's fifty day moving average price is $31.04 and its two-hundred day moving average price is $30.97.

Weyco Group (NASDAQ:WEYS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share for the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%. The firm had revenue of $58.22 million during the quarter.

Weyco Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, August 18th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 18th. Weyco Group's payout ratio is presently 40.15%.

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.