Weyco Group (NASDAQ:WEYS) VP Dustin Combs Sells 585 Shares of Stock

Key Points

• Weyco Group VP Dustin Combs sold 585 shares of the company's stock at an average price of $29.92, reducing his ownership by 13.31%.
• The company declared a quarterly dividend of $0.27 per share, with an annualized yield of 3.6%, payable on September 30th to stockholders of record on August 18th.
• Weyco Group's stock has a market capitalization of $287.12 million and is currently trading at $30.10 after a recent decline.

Weyco Group, Inc. (NASDAQ:WEYS - Get Free Report) VP Dustin Combs sold 585 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $29.92, for a total transaction of $17,503.20. Following the completion of the transaction, the vice president directly owned 3,810 shares of the company's stock, valued at $113,995.20. This trade represents a 13.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Weyco Group Stock Performance

WEYS traded down $0.65 on Friday, hitting $30.10. The company had a trading volume of 3,102 shares, compared to its average volume of 14,093. The stock has a market capitalization of $287.12 million, a price-to-earnings ratio of 11.19 and a beta of 1.02. The stock has a fifty day moving average price of $30.90 and a 200-day moving average price of $30.93. 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 released its quarterly earnings results on Tuesday, August 5th. The textile maker reported $0.24 earnings per share for the quarter. The business had revenue of $58.22 million for the quarter. Weyco Group had a net margin of 9.20% and a return on equity of 10.34%.

Weyco Group Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, August 18th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. Weyco Group's payout ratio is presently 40.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WEYS. Tower Research Capital LLC TRC grew its holdings in shares of Weyco Group by 172.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,790 shares of the textile maker's stock valued at $59,000 after buying an additional 1,133 shares during the last quarter. Voya Investment Management LLC purchased a new stake in Weyco Group during the 1st quarter valued at about $201,000. Arrowstreet Capital Limited Partnership purchased a new stake in Weyco Group during the 2nd quarter valued at about $204,000. IFG Advisory LLC acquired a new position in shares of Weyco Group in the second quarter valued at about $219,000. Finally, Nuveen LLC purchased a new position in shares of Weyco Group in the first quarter worth about $277,000. Hedge funds and other institutional investors 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.

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