Quantbot Technologies LP Buys New Shares in The Shyft Group, Inc. (NASDAQ:SHYF)

Quantbot Technologies LP purchased a new stake in The Shyft Group, Inc. (NASDAQ:SHYF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,052 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of The Shyft Group by 301.4% in the third quarter. FMR LLC now owns 7,726 shares of the company’s stock worth $97,000 after buying an additional 5,801 shares during the period. Raymond James Financial Inc. bought a new position in shares of The Shyft Group during the 4th quarter valued at $209,000. SG Americas Securities LLC lifted its position in shares of The Shyft Group by 24.3% in the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company’s stock worth $215,000 after buying an additional 3,575 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in The Shyft Group by 1,062.8% during the third quarter. Public Employees Retirement System of Ohio now owns 18,477 shares of the company’s stock valued at $232,000 after purchasing an additional 16,888 shares during the last quarter. Finally, Barclays PLC raised its position in shares of The Shyft Group by 257.9% in the third quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after purchasing an additional 32,906 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.

The Shyft Group Stock Down 0.7 %

SHYF opened at $8.03 on Wednesday. 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 firm has a market cap of $280.50 million, a price-to-earnings ratio of -89.21 and a beta of 1.69. The Shyft Group, Inc. has a twelve month low of $7.86 and a twelve month high of $17.56. The firm’s 50-day simple moving average is $10.54 and its 200-day simple moving average is $11.90.

The Shyft Group (NASDAQ:SHYF) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.09). The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The company had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. Equities research analysts anticipate that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, February 27th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.20 dividend on an annualized basis and a yield of 2.49%. The Shyft Group’s payout ratio is presently -222.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SHYF shares. Roth Mkm reaffirmed 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 upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company 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.