Barclays PLC Buys 32,906 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Barclays PLC lifted its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 257.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,666 shares of the company’s stock after purchasing an additional 32,906 shares during the quarter. Barclays PLC owned 0.13% of The Shyft Group worth $573,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SHYF. Pzena Investment Management LLC increased its position in shares of The Shyft Group by 889.8% during the second quarter. Pzena Investment Management LLC now owns 3,243,834 shares of the company’s stock valued at $38,472,000 after buying an additional 2,916,101 shares during the period. Essex Investment Management Co. LLC bought a new stake in The Shyft Group during the 3rd quarter worth approximately $2,292,000. Federated Hermes Inc. lifted its stake in The Shyft Group by 15.6% in the 2nd quarter. Federated Hermes Inc. now owns 666,679 shares of the company’s stock worth $7,907,000 after purchasing an additional 89,951 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in 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 worth $7,081,000 after purchasing an additional 78,550 shares in the last quarter. Finally, Foundry Partners LLC boosted its holdings in The Shyft Group by 31.9% in the 2nd quarter. Foundry Partners LLC now owns 319,640 shares of the company’s stock valued at $3,791,000 after purchasing an additional 77,225 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.

The Shyft Group Price Performance

SHYF stock opened at $11.74 on Thursday. The firm has a 50 day simple moving average of $13.12 and a two-hundred day simple moving average of $12.80. 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 stock has a market cap of $404.96 million, a PE ratio of -97.83 and a beta of 1.63. The Shyft Group, Inc. has a one year low of $9.81 and a one year high of $17.56.

The Shyft Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were paid a $0.05 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. The Shyft Group’s dividend payout ratio is presently -166.67%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $15.00 price target (down previously from $18.00) on shares of The Shyft Group in a report on Tuesday, December 17th. Roth Mkm restated a “buy” rating and issued a $16.00 target price on shares of The Shyft Group in a research note 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.