Bank of New York Mellon Corp lessened its position in shares of Weyco Group, Inc. (NASDAQ:WEYS) by 15.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,306 shares of the textile maker’s stock after selling 14,317 shares during the period. Bank of New York Mellon Corp owned about 0.78% of Weyco Group worth $2,313,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in Weyco Group by 23.0% during the 3rd quarter. Renaissance Technologies LLC now owns 79,600 shares of the textile maker’s stock worth $2,800,000 after buying an additional 14,901 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Weyco Group in the 3rd quarter worth approximately $261,000. Vanguard Group Inc lifted its holdings 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 purchasing an additional 4,231 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Weyco Group by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 503,569 shares of the textile maker’s stock worth $17,715,000 after purchasing an additional 12,617 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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 purchasing an additional 4,231 shares during the last quarter. 34.72% of the stock is currently owned by institutional investors.

Shares of NASDAQ WEYS opened at $33.90 on Monday. The company has a market capitalization of $338.97 million, a P/E ratio of 17.21 and a beta of 0.51. Weyco Group, Inc. has a 12-month low of $26.70 and a 12-month high of $39.93.

Weyco Group (NASDAQ:WEYS) last announced its quarterly earnings results on Tuesday, March 5th. The textile maker reported $0.93 earnings per share (EPS) for the quarter. The business had revenue of $89.59 million for the quarter. Weyco Group had a return on equity of 10.00% and a net margin of 6.87%.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Thursday, March 14th.

Separately, BidaskClub downgraded Weyco Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.

In other Weyco Group news, VP Michael Bernsteen sold 1,000 shares of Weyco Group stock in a transaction on Friday, March 15th. The stock was sold at an average price of $32.26, for a total transaction of $32,260.00. Following the sale, the vice president now owns 6,056 shares of the company’s stock, valued at approximately $195,366.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP George Sotiros sold 8,550 shares of Weyco Group stock in a transaction on Friday, March 8th. The shares were sold at an average price of $30.79, for a total value of $263,254.50. Following the sale, the vice president now directly owns 29,276 shares in the company, valued at approximately $901,408.04. The disclosure for this sale can be found here. Company 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.

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

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