Dimensional Fund Advisors LP Purchases 70,269 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zacks Investment Management bought a new stake in The Shyft Group in the fourth quarter valued at approximately $138,000. Barclays PLC increased its stake in shares of The Shyft Group by 18.0% during the fourth quarter. Barclays PLC now owns 53,901 shares of the company's stock valued at $632,000 after buying an additional 8,235 shares during the period. Zuckerman Investment Group LLC increased its stake in shares of The Shyft Group by 1.4% during the fourth quarter. Zuckerman Investment Group LLC now owns 1,294,886 shares of the company's stock valued at $14,762,000 after buying an additional 17,787 shares during the period. Raymond James Financial Inc. purchased a new position in shares of The Shyft Group during the fourth quarter valued at approximately $209,000. Finally, Renaissance Technologies LLC purchased a new position in shares of The Shyft Group during the fourth quarter valued at approximately $816,000. Institutional investors own 85.84% of the company's stock.

Analyst Ratings Changes

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

The Shyft Group Trading Up 3.0%

Shares of SHYF traded up $0.30 during mid-day trading on Tuesday, hitting $10.14. 197,570 shares of the company's stock traded hands, compared to its average volume of 291,751. 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 firm has a market capitalization of $354.96 million, a P/E ratio of -112.65 and a beta of 1.93. The business's 50-day moving average price is $8.56 and its 200-day moving average price is $11.02.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.09). The firm 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%. As a group, sell-side analysts forecast that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Announces Dividend

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 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 dividend yield of 1.97%. 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.