Weyco Group, Inc. (NASDAQ:WEYS) Shares Purchased by Panagora Asset Management Inc.
Panagora Asset Management Inc. lifted its stake in Weyco Group, Inc. (NASDAQ:WEYS) by 23.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,568 shares of the textile maker’s stock after purchasing an additional 2,037 shares during the quarter. Panagora Asset Management Inc. owned about 0.11% of Weyco Group worth $282,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Weyco Group by 4.9% during the fourth 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. BNP Paribas Arbitrage SA increased its position in Weyco Group by 505.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,277 shares of the textile maker’s stock valued at $40,000 after acquiring an additional 1,066 shares during the period. O Shaughnessy Asset Management LLC increased its position in Weyco Group by 13.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,344 shares of the textile maker’s stock valued at $134,000 after acquiring an additional 522 shares during the period. Finally, Martingale Asset Management L P increased its position in Weyco Group by 8.9% in the 1st quarter. Martingale Asset Management L P now owns 39,208 shares of the textile maker’s stock valued at $1,214,000 after acquiring an additional 3,200 shares during the period. 33.68% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on WEYS shares. TheStreet cut Weyco Group from a “b-” rating to a “c+” rating in a research report on Friday, July 19th. BidaskClub upgraded Weyco Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th.
Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Tuesday, August 6th. The textile maker reported $0.15 earnings per share (EPS) for the quarter. Weyco Group had a return on equity of 10.41% and a net margin of 7.06%. The firm had revenue of $60.48 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, August 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Wednesday, August 28th.
Weyco Group Company 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.
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