Weyco Group, Inc. (WEYS) VP Michael Bernsteen Sells 1,000 Shares
Weyco Group, Inc. (NASDAQ:WEYS) VP Michael Bernsteen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $33.51, for a total value of $33,510.00. Following the completion of the transaction, the vice president now directly owns 7,056 shares in the company, valued at $236,446.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Bernsteen also recently made the following trade(s):
- On Friday, August 31st, Michael Bernsteen sold 1,100 shares of Weyco Group stock. The shares were sold at an average price of $35.58, for a total value of $39,138.00.
Shares of NASDAQ WEYS traded down $0.32 during midday trading on Thursday, hitting $33.10. 1,070 shares of the stock traded hands, compared to its average volume of 17,946. The company has a market cap of $340.05 million, a price-to-earnings ratio of 19.81 and a beta of 0.53. Weyco Group, Inc. has a one year low of $27.02 and a one year high of $39.93.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, November 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.78%.
Several equities analysts have issued reports on the company. BidaskClub raised Weyco Group from a “hold” rating to a “buy” rating in a research note on Thursday. ValuEngine lowered Weyco Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Weyco Group by 0.5% during the third quarter. BlackRock Inc. now owns 435,991 shares of the textile maker’s stock valued at $15,337,000 after acquiring an additional 2,120 shares in the last quarter. Hartford Investment Management Co. bought a new stake in shares of Weyco Group during the second quarter valued at approximately $233,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Weyco Group by 21.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 36,504 shares of the textile maker’s stock valued at $1,329,000 after acquiring an additional 6,442 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in shares of Weyco Group during the third quarter valued at approximately $249,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Weyco Group during the third quarter valued at approximately $261,000. Hedge funds and other institutional investors own 30.86% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.thecerbatgem.com/2018/11/15/weyco-group-inc-weys-vp-michael-bernsteen-sells-1000-shares.html.
About Weyco Group
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, Rafters, and Umi brand names.
Featured Article: Trading Strategy Methods for Individual Investors
Receive News & Ratings for Weyco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Weyco Group and related companies with MarketBeat.com's FREE daily email newsletter.