Invenomic Capital Management LP Has $942,000 Stock Position in Weyco Group, Inc. (NASDAQ:WEYS)

Invenomic Capital Management LP raised its stake in Weyco Group, Inc. (NASDAQ:WEYS – Get Rating) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,307 shares of the textile maker’s stock after buying an additional 771 shares during the period. Invenomic Capital Management LP’s holdings in Weyco Group were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WEYS. O Shaughnessy Asset Management LLC acquired a new stake in Weyco Group in the third quarter valued at approximately $198,000. Annex Advisory Services LLC acquired a new stake in Weyco Group in the fourth quarter valued at approximately $206,000. Goldman Sachs Group Inc. acquired a new stake in Weyco Group in the third quarter valued at approximately $224,000. Acadian Asset Management LLC raised its stake in shares of Weyco Group by 48.0% during the fourth quarter. Acadian Asset Management LLC now owns 14,124 shares of the textile maker’s stock valued at $336,000 after acquiring an additional 4,582 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Weyco Group by 2.9% during the fourth quarter. Northern Trust Corp now owns 22,120 shares of the textile maker’s stock valued at $530,000 after acquiring an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 18.38% of the company’s stock.

Separately, StockNews.com initiated coverage on shares of Weyco Group in a research note on Friday, May 13th. They set a “buy” rating for the company.

Shares of WEYS stock traded up $0.20 during trading hours on Friday, hitting $26.29. 9,543 shares of the company’s stock traded hands, compared to its average volume of 26,385. The stock’s 50 day simple moving average is $25.57 and its 200 day simple moving average is $24.43. The stock has a market cap of $253.96 million, a PE ratio of 10.95 and a beta of 0.51. Weyco Group, Inc. has a 12 month low of $20.58 and a 12 month high of $29.24.

Weyco Group (NASDAQ:WEYS – Get Rating) last released its quarterly earnings results on Tuesday, March 8th. The textile maker reported $1.07 earnings per share (EPS) for the quarter. Weyco Group had a net margin of 7.71% and a return on equity of 11.90%. The firm had revenue of $101.38 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, May 27th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, May 26th. Weyco Group’s dividend payout ratio is presently 40.00%.

About Weyco Group (Get Rating)

Weyco Group, Inc designs and distributes footwear for men, women, and children. It operates through 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 or leather; and outdoor boots, shoes, and sandals under the Florsheim, Nunn Bush, Stacy Adams, BOGS, and Rafters brand names.

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