Rhumbline Advisers lessened its holdings in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,798 shares of the textile maker’s stock after selling 1,301 shares during the period. Rhumbline Advisers owned approximately 0.08% of Weyco Group worth $245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WEYS. Teachers Advisors LLC lifted its holdings in shares of Weyco Group by 27.1% during the 4th quarter. Teachers Advisors LLC now owns 12,890 shares of the textile maker’s stock valued at $403,000 after purchasing an additional 2,746 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Weyco Group by 6.2% during the 1st quarter. Nationwide Fund Advisors now owns 5,839 shares of the textile maker’s stock valued at $164,000 after purchasing an additional 343 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Weyco Group by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 91,079 shares of the textile maker’s stock valued at $2,558,000 after purchasing an additional 3,348 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Weyco Group by 18.2% during the 1st quarter. Swiss National Bank now owns 10,400 shares of the textile maker’s stock valued at $292,000 after purchasing an additional 1,600 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of Weyco Group by 7.0% during the 1st quarter. American International Group Inc. now owns 4,007 shares of the textile maker’s stock valued at $113,000 after purchasing an additional 261 shares during the last quarter. Hedge funds and other institutional investors own 32.92% of the company’s stock.

Several analysts have recently commented on the company. BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Zacks Investment Research upgraded Weyco Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, TheStreet lowered Weyco Group from a “b” rating to a “c+” rating in a report on Thursday, August 3rd.

WARNING: “Rhumbline Advisers Has $245,000 Stake in Weyco Group, Inc. (WEYS)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/rhumbline-advisers-has-245000-stake-in-weyco-group-inc-weys/1629497.html.

In related news, VP Michael Bernsteen sold 5,886 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $27.55, for a total value of $162,159.30. Following the completion of the sale, the vice president now directly owns 6,851 shares of the company’s stock, valued at $188,745.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brian Flannery sold 7,145 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $27.95, for a total transaction of $199,702.75. Following the completion of the sale, the vice president now directly owns 24,295 shares of the company’s stock, valued at $679,045.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,337 shares of company stock valued at $1,420,404. 42.81% of the stock is owned by corporate insiders.

Shares of Weyco Group, Inc. (NASDAQ:WEYS) opened at 28.50 on Friday. Weyco Group, Inc. has a one year low of $23.75 and a one year high of $32.30. The stock has a market cap of $291.75 million, a price-to-earnings ratio of 18.40 and a beta of 0.69. The stock’s 50 day moving average price is $28.20 and its 200 day moving average price is $27.83.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, August 8th. The textile maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Weyco Group had a net margin of 5.65% and a return on equity of 6.93%. The firm had revenue of $57.45 million during the quarter. Analysts forecast that Weyco Group, Inc. will post $1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, August 30th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 28th. This represents a $0.88 dividend on an annualized basis and a yield of 3.09%. Weyco Group’s dividend payout ratio (DPR) is presently 56.77%.

About Weyco Group

Weyco Group, Inc is engaged in the design and distribution of footwear. The Company designs and markets footwear for men, women and children. The Company operates through two segments: the North American wholesale segment (wholesale) and the North American retail segment (retail). The Company also has other wholesale and retail businesses overseas, which include its businesses in Australia, South Africa and Asia Pacific (collectively known as Florsheim Australia), and its wholesale and retail businesses in Europe (Florsheim Europe).

Want to see what other hedge funds are holding WEYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Weyco Group, Inc. (NASDAQ:WEYS).

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

Receive News & Ratings for Weyco Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.