BNP Paribas Financial Markets Makes New $508,000 Investment in The Shyft Group, Inc. (NASDAQ:SHYF)

BNP Paribas Financial Markets bought a new stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 43,234 shares of the company's stock, valued at approximately $508,000. BNP Paribas Financial Markets owned about 0.13% of The Shyft Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of The Shyft Group during the fourth quarter valued at about $816,000. Dimensional Fund Advisors LP raised its holdings in The Shyft Group by 5.7% in the 4th 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 in the last quarter. Royce & Associates LP raised its holdings in The Shyft Group by 21.4% in the 4th 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 in the last quarter. Kirr Marbach & Co. LLC IN lifted its position in shares of 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 worth $3,533,000 after acquiring an additional 73,773 shares during the period. Finally, Norges Bank acquired a new stake in shares of The Shyft Group during the 4th quarter worth approximately $464,000. 85.84% of the stock is currently owned by institutional investors and hedge funds.

The Shyft Group Stock Performance

Shares of SHYF traded up $0.63 on Tuesday, reaching $10.44. 645,027 shares of the stock traded hands, compared to its average volume of 292,901. The firm has a market cap of $365.50 million, a price-to-earnings ratio of -115.99 and a beta of 1.93. The Shyft Group, Inc. has a 12 month low of $6.82 and a 12 month high of $17.56. The stock's 50-day moving average price is $8.67 and its 200-day moving average price is $10.75. 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 announced 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 Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. The business had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 16th. The Shyft Group's payout ratio is 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.