Anyone interested in Weyco Group, Inc. (NASDAQ:WEYS) should probably be aware that the VP and President of BOGS & Rafters Brands, Dustin Combs, recently divested US$116k worth of shares in the company, at an average price of US$28.81 each. In particular, we note that the sale equated to a 65% reduction in their position size, which doesn't exactly instill confidence.

Weyco Group Insider Transactions Over The Last Year

Notably, that recent sale by Dustin Combs is the biggest insider sale of Weyco Group shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$29.70. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was 65% of Dustin Combs's stake.

Insiders in Weyco Group didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Does Weyco Group Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Weyco Group insiders own 38% of the company, currently worth about US$104m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

So What Do The Weyco Group Insider Transactions Indicate?

An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. On the plus side, Weyco Group makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Weyco Group and we suggest you have a look.

But note: Weyco Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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