Weyco Group (NASDAQ:WEYS) Stock Crosses Below Two Hundred Day Moving Average of $29.81

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.81 and traded as low as $29.54. Weyco Group shares last traded at $30.00, with a volume of 9,242 shares trading hands.

Weyco Group Price Performance

The firm has a 50-day simple moving average of $31.07 and a 200 day simple moving average of $29.81. The company has a market capitalization of $284.35 million, a PE ratio of 9.46 and a beta of 0.83.

Weyco Group (NASDAQ:WEYS - Get Free Report) last released 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. Stockholders of record on Friday, March 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Thursday, March 14th. Weyco Group's dividend payout ratio is presently 31.65%.

Insider Transactions at Weyco Group

In other news, VP Dustin Combs sold 4,016 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.81, for a total value of $115,700.96. Following the completion of the sale, the vice president now directly owns 2,150 shares in the company, valued at $61,941.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 41.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Weyco Group

Several hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in Weyco Group by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 49,808 shares of the textile maker's stock worth $1,231,000 after purchasing an additional 591 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Weyco Group by 25.7% during the first quarter. Acadian Asset Management LLC now owns 17,747 shares of the textile maker's stock worth $437,000 after buying an additional 3,623 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Weyco Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 252,043 shares of the textile maker's stock valued at $6,231,000 after purchasing an additional 11,049 shares in the last quarter. UBS Group AG grew its position in shares of Weyco Group by 15.3% in the 1st quarter. UBS Group AG now owns 5,657 shares of the textile maker's stock valued at $140,000 after buying an additional 749 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Weyco Group by 157,750.0% during the second quarter. JPMorgan Chase & Co. now owns 3,157 shares of the textile maker's stock valued at $77,000 after acquiring an additional 3,155 shares during the last quarter. Institutional investors and hedge funds own 23.59% of the company's stock.

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.