Weyco Group (NASDAQ:WEYS) Shares Pass Below 200 Day Moving Average of $30.48

Weyco Group, Inc. (NASDAQ:WEYS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.48 and traded as low as $29.01. Weyco Group shares last traded at $29.70, with a volume of 19,717 shares.

Weyco Group Stock Up 1.6 %

The stock has a market cap of $298.97 million, a PE ratio of 10.25 and a beta of 0.73. The stock’s fifty day moving average price is $29.72 and its 200 day moving average price is $30.48.

Weyco Group (NASDAQ:WEYS) last posted its quarterly earnings results on Tuesday, May 7th. The textile maker reported $0.69 earnings per share for the quarter. Weyco Group had a return on equity of 12.27% and a net margin of 9.69%. The firm had revenue of $71.56 million during the quarter.

Weyco Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 17th were paid a $0.26 dividend. The ex-dividend date was Thursday, May 16th. This is a positive change from Weyco Group’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.30%. Weyco Group’s payout ratio is currently 33.88%.

Insider Activity at Weyco Group

In other news, VP Katherine Destinon sold 1,600 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $29.50, for a total value of $47,200.00. Following the transaction, the vice president now directly owns 3,789 shares in the company, valued at approximately $111,775.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 38.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Weyco Group

Institutional investors and hedge funds have recently made changes to their positions in the business. AJOVista LLC purchased a new stake in Weyco Group during the fourth quarter valued at approximately $50,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Weyco Group during the 4th quarter worth $56,000. Denali Advisors LLC bought a new stake in shares of Weyco Group during the 4th quarter valued at $78,000. Strs Ohio purchased a new stake in shares of Weyco Group in the 4th quarter worth $90,000. Finally, LSV Asset Management bought a new position in Weyco Group in the 4th quarter worth $94,000. Hedge funds and other institutional investors own 23.59% of the company’s stock.

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.