Strs Ohio Makes New Investment in Weyco Group, Inc. $WEYS

Strs Ohio purchased a new position in Weyco Group, Inc. (NASDAQ:WEYS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,300 shares of the textile maker's stock, valued at approximately $466,000. Strs Ohio owned about 0.16% of Weyco Group as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in Weyco Group in the first quarter worth $277,000. Deutsche Bank AG raised its stake in shares of Weyco Group by 93.0% during the fourth quarter. Deutsche Bank AG now owns 9,021 shares of the textile maker's stock valued at $339,000 after acquiring an additional 4,348 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Weyco Group by 12.3% during the fourth quarter. Bank of America Corp DE now owns 11,980 shares of the textile maker's stock valued at $450,000 after acquiring an additional 1,313 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Weyco Group by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 18,059 shares of the textile maker's stock valued at $550,000 after acquiring an additional 903 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Weyco Group by 48.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 23,898 shares of the textile maker's stock valued at $728,000 after acquiring an additional 7,752 shares during the last quarter. 23.59% of the stock is owned by institutional investors.

Weyco Group Trading Down 1.0%

Shares of NASDAQ:WEYS opened at $30.55 on Tuesday. The company has a market cap of $291.45 million, a price-to-earnings ratio of 11.36 and a beta of 1.02. The company has a 50-day moving average price of $30.45 and a 200-day moving average price of $30.72. Weyco Group, Inc. has a 12 month low of $25.51 and a 12 month high of $41.05.

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

Weyco Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. Weyco Group's dividend payout ratio is 40.15%.

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.

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