The Shyft Group, Inc. (NASDAQ:SHYF) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 41.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,225 shares of the company’s stock after selling 53,260 shares during the period. Jane Street Group LLC owned 0.22% of The Shyft Group worth $932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Pzena Investment Management LLC raised its position in shares of The Shyft Group by 889.8% during the 2nd quarter. Pzena Investment Management LLC now owns 3,243,834 shares of the company’s stock worth $38,472,000 after acquiring an additional 2,916,101 shares in the last quarter. Royce & Associates LP raised its holdings in The Shyft Group by 2.7% during the third quarter. Royce & Associates LP now owns 953,018 shares of the company’s stock worth $11,960,000 after purchasing an additional 24,770 shares in the last quarter. State Street Corp lifted its position in shares of The Shyft Group by 0.8% during the 3rd quarter. State Street Corp now owns 706,780 shares of the company’s stock worth $8,870,000 after buying an additional 5,682 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of The Shyft Group by 15.6% during the 2nd quarter. Federated Hermes Inc. now owns 666,679 shares of the company’s stock worth $7,907,000 after buying an additional 89,951 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of The Shyft Group by 16.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,242 shares of the company’s stock valued at $7,081,000 after buying an additional 78,550 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.

The Shyft Group Stock Performance

Shares of The Shyft Group stock opened at $11.74 on Wednesday. The firm’s fifty day simple moving average is $13.12 and its 200-day simple moving average is $12.81. The Shyft Group, Inc. has a 12 month low of $9.81 and a 12 month high of $17.56. The stock has a market capitalization of $404.96 million, a price-to-earnings ratio of -97.83 and a beta of 1.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.70%. The Shyft Group’s dividend payout ratio (DPR) is -166.67%.

Wall Street Analysts Forecast Growth

SHYF has been the subject of a number of research reports. Roth Mkm reissued a “buy” rating and issued a $16.00 price target on shares of The Shyft Group in a research report on Tuesday, December 17th. DA Davidson reissued a “neutral” rating and issued a $15.00 target price (down from $18.00) on shares of The Shyft Group in a report on Tuesday, December 17th.

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.