Centaurus Financial Inc. Has $4.74 Million Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Centaurus Financial Inc. trimmed its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,303 shares of the company's stock after selling 29,753 shares during the period. Centaurus Financial Inc. owned about 1.15% of The Shyft Group worth $4,735,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in The Shyft Group by 60.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company's stock valued at $38,038,000 after purchasing an additional 1,216,701 shares during the last quarter. Vanguard Group Inc. increased its holdings in The Shyft Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company's stock valued at $20,823,000 after purchasing an additional 13,263 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 70,269 shares in the last quarter. Zuckerman Investment Group LLC lifted its position 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 worth $14,762,000 after purchasing an additional 17,787 shares in the last quarter. Finally, Royce & Associates LP grew its stake 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 valued at $13,581,000 after acquiring an additional 203,758 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company's stock.

The Shyft Group Stock Down 0.9%

NASDAQ:SHYF traded down $0.09 during mid-day trading on Thursday, reaching $10.35. The stock had a trading volume of 236,855 shares, compared to its average volume of 293,790. The company has a market capitalization of $362.35 million, a price-to-earnings ratio of -114.99 and a beta of 1.93. The stock's 50 day simple moving average is $8.74 and its two-hundred day simple moving average is $10.72. 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, Inc. has a 1-year low of $6.82 and a 1-year high of $17.56.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. Equities analysts anticipate that The Shyft Group, Inc. will post 0.68 EPS for the current year.

The Shyft Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.05 per share. 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 1.93%. The Shyft Group's dividend payout ratio is 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.