Dimensional Fund Advisors LP Raises Stock Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Dimensional Fund Advisors LP boosted its position in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,295,359 shares of the company's stock after purchasing an additional 70,269 shares during the period. Dimensional Fund Advisors LP owned about 3.76% of The Shyft Group worth $15,207,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in shares of The Shyft Group during the 4th quarter valued at about $816,000. Royce & Associates LP lifted its position in shares of The Shyft Group by 21.4% during the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock valued at $13,581,000 after buying an additional 203,758 shares in the last quarter. Barclays PLC lifted its position in shares of The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company's stock valued at $573,000 after buying an additional 32,906 shares in the last quarter. Kirr Marbach & Co. LLC IN lifted its position in shares of The Shyft Group by 32.5% during the 4th quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company's stock valued at $3,533,000 after buying an additional 73,773 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of The Shyft Group during the 4th quarter valued at about $464,000. 85.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Wednesday, January 15th.

The Shyft Group Price Performance

NASDAQ SHYF traded down $0.22 during trading hours on Wednesday, reaching $9.90. The company's stock had a trading volume of 74,989 shares, compared to its average volume of 291,442. The firm's 50-day moving average price is $8.57 and its 200-day moving average price is $11.02. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The Shyft Group, Inc. has a 1 year low of $6.82 and a 1 year high of $17.56. The company has a market capitalization of $346.52 million, a price-to-earnings ratio of -109.98 and a beta of 1.93.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $201.43 million during the quarter, compared to analysts' expectations of $211.90 million. On average, equities research analysts predict that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, May 16th. The Shyft Group's dividend payout ratio is currently 2,000.00%.

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.