D. E. Shaw & Co. Inc. Decreases Position in The Shyft Group, Inc. (NASDAQ:SHYF)

D. E. Shaw & Co. Inc. trimmed its position in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. 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 2.75% of The Shyft Group worth $11,147,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Barclays PLC lifted its holdings 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 in the last quarter. Franklin Resources Inc. raised its stake in shares of The Shyft Group by 76.7% during the 3rd quarter. Franklin Resources Inc. now owns 54,727 shares of the company's stock worth $669,000 after purchasing an additional 23,761 shares during the period. JPMorgan Chase & Co. increased its holdings in The Shyft Group by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company's stock worth $2,216,000 after buying an additional 58,816 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of The Shyft Group by 24.3% during the 4th quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $215,000 after buying an additional 3,575 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN raised its stake in The Shyft Group by 32.5% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company's stock valued at $3,533,000 after acquiring an additional 73,773 shares during the period. Institutional investors and hedge funds own 85.84% of the company's stock.

The Shyft Group Stock Performance

Shares of NASDAQ SHYF traded down $0.12 during midday trading on Monday, hitting $9.64. The company's stock had a trading volume of 26,384 shares, compared to its average volume of 291,958. The firm has a market capitalization of $337.32 million, a price-to-earnings ratio of -107.27 and a beta of 1.93. The Shyft Group, Inc. has a one year low of $6.82 and a one year 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 fifty day moving average price of $8.61 and a 200 day moving average price of $10.93.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last issued its quarterly earnings data 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 during 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%. On average, research analysts forecast that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.08%. The Shyft Group's dividend payout ratio (DPR) is currently 2,000.00%.

About The Shyft Group

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.