Isthmus Partners LLC lowered its stake in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 19.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,564 shares of the company's stock after selling 48,017 shares during the quarter. Isthmus Partners LLC owned approximately 0.58% of The Shyft Group worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of The Shyft Group in the second quarter worth $26,000. CWM LLC increased its stake in The Shyft Group by 260.9% in the 2nd quarter. CWM LLC now owns 4,731 shares of the company's stock worth $56,000 after acquiring an additional 3,420 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of The Shyft Group in the 2nd quarter valued at about $59,000. Point72 DIFC Ltd bought a new stake in shares of The Shyft Group during the 2nd quarter valued at about $60,000. Finally, National Bank of Canada FI grew its holdings in shares of The Shyft Group by 6,784.7% during the second quarter. National Bank of Canada FI now owns 5,852 shares of the company's stock worth $65,000 after purchasing an additional 5,767 shares in the last quarter. Hedge funds and other institutional investors own 85.84% of the company's stock.
The Shyft Group Price Performance
SHYF traded down $0.16 on Friday, reaching $14.10. The company had a trading volume of 79,152 shares, compared to its average volume of 296,761. The Shyft Group, Inc. has a 52-week low of $9.81 and a 52-week high of $17.56. The company has a market cap of $486.31 million, a price-to-earnings ratio of -117.50 and a beta of 1.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82. The business has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $12.83.
The Shyft Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, November 15th. The Shyft Group's dividend payout ratio (DPR) is currently -166.67%.
About The Shyft Group
(
Free Report)
The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.
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