BNP Paribas Financial Markets Takes $508,000 Position in The Shyft Group, Inc. (NASDAQ:SHYF)

BNP Paribas Financial Markets purchased a new position in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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.

Other large investors have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in The Shyft Group by 60.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company's stock valued at $38,038,000 after buying an additional 1,216,701 shares in the last quarter. Vanguard Group Inc. boosted its position in The Shyft Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company's stock valued at $20,823,000 after buying an additional 13,263 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in The Shyft Group by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company's stock valued at $15,207,000 after buying an additional 70,269 shares in the last quarter. Zuckerman Investment Group LLC boosted its position 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 buying an additional 17,787 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of The Shyft Group by 21.4% during the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock worth $13,581,000 after purchasing an additional 203,758 shares during the period. Institutional investors and hedge funds own 85.84% of the company's stock.

The Shyft Group Trading Up 1.2%

Shares of NASDAQ:SHYF traded up $0.12 during mid-day trading on Wednesday, reaching $10.56. 218,772 shares of the company's stock were exchanged, compared to its average volume of 292,668. The firm has a market capitalization of $369.78 million, a price-to-earnings ratio of -117.65 and a beta of 1.93. The business's fifty day moving average price is $8.69 and its 200-day moving average price is $10.75. 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 twelve month low of $6.82 and a twelve month high of $17.56.

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 analysts' consensus estimates of $0.14 by ($0.09). The business had revenue of $201.43 million for the quarter, compared to analyst estimates 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 predict that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, May 16th. The Shyft Group's dividend payout ratio is presently 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.