Royce & Associates LP Raises Stock Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Royce & Associates LP lifted its holdings in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 21.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,156,776 shares of the company's stock after purchasing an additional 203,758 shares during the quarter. Royce & Associates LP owned about 3.35% of The Shyft Group worth $13,581,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in The Shyft Group by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 773,150 shares of the company's stock worth $9,705,000 after buying an additional 9,588 shares in the last quarter. State Street Corp increased its position in shares of The Shyft Group by 0.8% during the third quarter. State Street Corp now owns 706,780 shares of the company's stock worth $8,870,000 after acquiring an additional 5,682 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of The Shyft Group by 16.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 564,242 shares of the company's stock valued at $7,081,000 after acquiring an additional 78,550 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of The Shyft Group by 0.6% in the third quarter. Centaurus Financial Inc. now owns 433,056 shares of the company's stock valued at $5,435,000 after acquiring an additional 2,433 shares in the last quarter. Finally, Foundry Partners LLC boosted its holdings in The Shyft Group by 1.0% in the third quarter. Foundry Partners LLC now owns 322,755 shares of the company's stock valued at $4,051,000 after purchasing an additional 3,115 shares during the period. Hedge funds and other institutional investors own 85.84% of the company's stock.

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The Shyft Group Stock Down 5.5 %

NASDAQ:SHYF traded down $0.52 during trading hours on Friday, hitting $8.97. The company's stock had a trading volume of 503,843 shares, compared to its average volume of 277,771. The Shyft Group, Inc. has a 52-week low of $8.27 and a 52-week high of $17.56. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $313.34 million, a P/E ratio of -99.66 and a beta of 1.69. The stock has a fifty day moving average of $11.00 and a 200-day moving average of $12.13.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. The business had revenue of $201.43 million during the quarter, compared to analysts' expectations of $211.90 million. On average, equities analysts forecast that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

The Shyft Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, February 27th will be paid a $0.05 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.20 annualized dividend and a yield of 2.23%. The Shyft Group's dividend payout ratio is presently -222.22%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Roth Mkm restated a "buy" rating and set a $16.00 price target on shares of The Shyft Group in a report on Tuesday, December 17th. DA Davidson upgraded shares of The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, January 15th.

The Shyft Group Company Profile

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.