BNP Paribas Arbitrage SA raised its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 505.2% in the first quarter, Holdings Channel reports. The fund owned 1,277 shares of the textile maker’s stock after purchasing an additional 1,066 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Weyco Group were worth $40,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its stake in shares of Weyco Group by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 269,849 shares of the textile maker’s stock worth $9,493,000 after acquiring an additional 4,231 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Weyco Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 269,849 shares of the textile maker’s stock worth $9,493,000 after acquiring an additional 4,231 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Weyco Group by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 528,304 shares of the textile maker’s stock worth $15,411,000 after acquiring an additional 24,735 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Weyco Group by 18.4% in the 4th quarter. First Trust Advisors LP now owns 11,326 shares of the textile maker’s stock worth $330,000 after acquiring an additional 1,758 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Weyco Group by 2.7% in the 4th quarter. BlackRock Inc. now owns 447,555 shares of the textile maker’s stock worth $13,056,000 after acquiring an additional 11,564 shares during the last quarter. 34.38% of the stock is owned by institutional investors.

Shares of WEYS opened at $26.38 on Wednesday. Weyco Group, Inc. has a 52-week low of $25.01 and a 52-week high of $39.93. The firm has a market capitalization of $258.85 million, a price-to-earnings ratio of 12.45 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.91 and a quick ratio of 2.58.

Weyco Group (NASDAQ:WEYS) last issued its earnings results on Tuesday, May 7th. The textile maker reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $74.13 million during the quarter. Weyco Group had a return on equity of 10.52% and a net margin of 7.08%.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Weyco Group’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, May 30th.

Separately, BidaskClub downgraded Weyco Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th.

In related news, VP Michael Bernsteen sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $32.26, for a total transaction of $32,260.00. Following the completion of the sale, the vice president now directly owns 6,056 shares of the company’s stock, valued at approximately $195,366.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Allison Woss sold 2,623 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $32.60, for a total value of $85,509.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,223 shares of company stock valued at $170,890 over the last three months. Corporate insiders own 42.03% of the company’s stock.

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Weyco Group Profile

Weyco Group, Inc, together with its subsidiaries, designs and distributes footwear. The company operates through two segments, North American Wholesale and North American Retail. It engages in the design and marketing footwear for men, women, and children under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

Further Reading: Derivative

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Institutional Ownership by Quarter for Weyco Group (NASDAQ:WEYS)

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