BNP Paribas Financial Markets Buys Shares of 43,234 The Shyft Group, Inc. (NASDAQ:SHYF)

BNP Paribas Financial Markets bought a new position in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,234 shares of the company's stock, valued at approximately $508,000. BNP Paribas Financial Markets owned approximately 0.13% of The Shyft Group at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its holdings in The Shyft Group by 60.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company's stock worth $38,038,000 after buying an additional 1,216,701 shares in the last quarter. Vanguard Group Inc. raised its position in shares of The Shyft Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company's stock worth $20,823,000 after acquiring an additional 13,263 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of The Shyft Group by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company's stock valued at $15,207,000 after acquiring an additional 70,269 shares during the period. Zuckerman Investment Group LLC boosted its holdings in The Shyft Group by 1.4% in the fourth quarter. Zuckerman Investment Group LLC now owns 1,294,886 shares of the company's stock valued at $14,762,000 after acquiring an additional 17,787 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in The Shyft Group by 21.4% in the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock valued at $13,581,000 after acquiring an additional 203,758 shares during the last quarter. 85.84% of the stock is owned by institutional investors.

The Shyft Group Trading Down 0.9%

NASDAQ:SHYF traded down $0.09 on Thursday, hitting $10.35. 236,855 shares of the stock were exchanged, compared to its average volume of 293,790. 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 Shyft Group, Inc. has a 52 week low of $6.82 and a 52 week high of $17.56. The stock has a market capitalization of $362.35 million, a price-to-earnings ratio of -114.99 and a beta of 1.93. The company's 50-day moving average price is $8.74 and its 200 day moving average price is $10.72.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.05 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 business had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. On average, equities research analysts forecast that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

The Shyft Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 1.93%. The Shyft Group's dividend payout ratio 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.