27,240 Shares in Weyco Group, Inc. (NASDAQ:WEYS) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in shares of Weyco Group, Inc. (NASDAQ:WEYS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,240 shares of the textile maker’s stock, valued at approximately $1,023,000. Segall Bryant & Hamill LLC owned approximately 0.28% of Weyco Group as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WEYS. BNP Paribas Financial Markets grew its holdings in shares of Weyco Group by 34.1% during the third quarter. BNP Paribas Financial Markets now owns 2,010 shares of the textile maker’s stock worth $68,000 after purchasing an additional 511 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Weyco Group by 394.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,507 shares of the textile maker’s stock worth $103,000 after buying an additional 2,000 shares in the last quarter. Barclays PLC grew its stake in Weyco Group by 263.8% in the 3rd quarter. Barclays PLC now owns 8,003 shares of the textile maker’s stock worth $273,000 after buying an additional 5,803 shares in the last quarter. LPL Financial LLC bought a new position in shares of Weyco Group in the 4th quarter worth $324,000. Finally, Ritholtz Wealth Management raised its position in shares of Weyco Group by 4.8% during the 4th quarter. Ritholtz Wealth Management now owns 10,460 shares of the textile maker’s stock valued at $393,000 after buying an additional 480 shares in the last quarter. 23.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Weyco Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th.

Weyco Group Trading Down 2.0 %

Shares of Weyco Group stock opened at $30.29 on Friday. The firm has a market capitalization of $289.54 million, a PE ratio of 10.03 and a beta of 0.71. Weyco Group, Inc. has a 12 month low of $27.05 and a 12 month high of $41.05. The business’s 50-day moving average price is $33.77 and its 200-day moving average price is $34.65.

Weyco Group (NASDAQ:WEYS) last issued its quarterly earnings results on Tuesday, March 4th. The textile maker reported $1.04 EPS for the quarter. The business had revenue of $80.47 million for the quarter. Weyco Group had a net margin of 9.94% and a return on equity of 11.52%.

Weyco Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, March 14th. Weyco Group’s dividend payout ratio is presently 32.91%.

Weyco Group 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.