The Shyft Group, Inc. (NASDAQ:SHYF) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 949,516 shares of the company's stock after selling 83,540 shares during the period. D. E. Shaw & Co. Inc. owned approximately 2.75% of The Shyft Group worth $11,147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new stake in The Shyft Group during the 4th quarter valued at approximately $508,000. Manatuck Hill Partners LLC raised its stake in The Shyft Group by 183.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 425,000 shares of the company's stock valued at $4,990,000 after acquiring an additional 275,000 shares during the last quarter. Jane Street Group LLC raised its stake in The Shyft Group by 18.5% during the 4th quarter. Jane Street Group LLC now owns 87,991 shares of the company's stock valued at $1,033,000 after acquiring an additional 13,766 shares during the last quarter. Northern Trust Corp raised its stake in The Shyft Group by 1.8% during the 4th quarter. Northern Trust Corp now owns 293,979 shares of the company's stock valued at $3,451,000 after acquiring an additional 5,193 shares during the last quarter. Finally, Quarry LP raised its stake in The Shyft Group by 317.7% during the 4th quarter. Quarry LP now owns 6,081 shares of the company's stock valued at $71,000 after acquiring an additional 4,625 shares during the last quarter. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Stock Performance

Shares of SHYF stock traded up $0.10 during trading hours on Friday, reaching $9.75. 196,163 shares of the company's stock were exchanged, compared to its average volume of 292,718. The company has a market cap of $341.31 million, a P/E ratio of -108.32 and a beta of 1.93. The company's 50 day moving average is $8.61 and its two-hundred day moving average is $10.96. The Shyft Group, Inc. has a 1 year low of $6.82 and a 1 year high of $17.56. 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 (NASDAQ:SHYF - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The business had revenue of $201.43 million for the quarter, compared to analysts' expectations of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. 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 company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, May 16th. The Shyft Group's dividend payout ratio is currently 2,000.00%.

The Shyft Group 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.