Dimensional Fund Advisors Cuts Weyco Group Stake to 3.6%

TL;DR

**Dimensional Fund Advisors just cut their WEYCO stake to 3.6%, signaling a potential bearish shift.**

AI Summary

Dimensional Fund Advisors LP, a Delaware Limited Partnership, filed an amended SC 13G/A on February 9, 2024, indicating a change in their ownership of Weyco Group Inc. As of December 29, 2023, Dimensional Fund Advisors LP reported beneficial ownership of 350,715 shares of Weyco Group Inc's Common Stock, representing 3.6% of the company. This is a decrease from their previous filing, where they held 5.1% of the company, and matters to investors as it shows a significant institutional investor has reduced its stake, potentially signaling a less bullish outlook on the stock.

Why It Matters

A major institutional investor, Dimensional Fund Advisors LP, has reduced its holdings in Weyco Group Inc, which could be interpreted by the market as a loss of confidence or a strategic reallocation of assets.

Risk Assessment

Risk Level: medium — A significant reduction in ownership by a large institutional investor can sometimes precede a decline in stock price or reflect underlying concerns about the company's future performance.

Analyst Insight

A smart investor would investigate the reasons behind Dimensional Fund Advisors LP's reduction in stake, potentially looking for any negative news or changes in Weyco Group Inc's fundamentals that might have prompted this move, before making any investment decisions.

Key Numbers

• 350,715 — Shares Beneficially Owned (Represents the total number of Common Stock shares of Weyco Group Inc held by Dimensional Fund Advisors LP as of December 29, 2023.)
• 3.6% — Percentage of Class (Indicates the current ownership stake of Dimensional Fund Advisors LP in Weyco Group Inc, a decrease from previous filings.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this amendment filing, marking the point at which the ownership percentage changed.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person who filed the SC 13G/A
• Weyco Group Inc (company) — the subject company whose shares are being reported
• 350,715 (dollar_amount) — number of shares beneficially owned by Dimensional Fund Advisors LP
• 3.6% (dollar_amount) — percentage of Weyco Group Inc's class of securities beneficially owned by Dimensional Fund Advisors LP
• December 29, 2023 (date) — date of the event which required the filing of this statement
• 5.1% (dollar_amount) — previous percentage of Weyco Group Inc's class of securities beneficially owned by Dimensional Fund Advisors LP (from prior filing, not explicitly in this text but implied by 'Amendment No. 5')

Forward-Looking Statements

• Weyco Group Inc's stock price may experience downward pressure due to the reduced institutional ownership. (Weyco Group Inc) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in Weyco Group Inc following Dimensional Fund Advisors LP's reduction. (Institutional Investors) — low confidence, target: Q2 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-003354.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5 ) * Weyco Group Inc (Name of Issuer) Common Stock (Title of Class of Securities) 962149100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 962149100 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 535,155 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 546,527 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 546,527 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Weyco Group Inc (b) Address of Issuer's Principal Executive Offices 333 West Estabrook Blvd, PO Box 1188, Milwaukee, WI 53212 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 962149100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 546,527 ** see Note 1 ** (b) Percent of Class: 5.8% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 535,155 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 546,527 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be the beneficial owne

View Full Filing

View this SC 13G/A filing on SEC EDGAR