Centaurus Financial Inc. Reduces Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Centaurus Financial Inc. trimmed its position in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 403,303 shares of the company's stock after selling 29,753 shares during the quarter. Centaurus Financial Inc. owned about 1.15% of The Shyft Group worth $4,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of The Shyft Group in the 4th quarter valued at approximately $41,000. Quantbot Technologies LP purchased a new stake in shares of The Shyft Group in the 4th quarter valued at approximately $48,000. Tower Research Capital LLC TRC increased its stake in The Shyft Group by 77.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,403 shares of the company's stock worth $52,000 after buying an additional 1,919 shares during the period. Quarry LP increased its stake in The Shyft Group by 317.7% during the 4th quarter. Quarry LP now owns 6,081 shares of the company's stock worth $71,000 after buying an additional 4,625 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in The Shyft Group by 394.7% during the 4th quarter. Point72 Asset Management L.P. now owns 9,186 shares of the company's stock worth $108,000 after buying an additional 7,329 shares during the period. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Stock Up 0.7%

SHYF traded up $0.07 during trading hours on Friday, hitting $10.42. 250,341 shares of the company's stock were exchanged, compared to its average volume of 291,776. The Shyft Group, Inc. has a 12-month low of $6.82 and a 12-month high of $17.56. The firm has a 50 day moving average of $8.76 and a 200 day moving average of $10.64. The firm has a market cap of $364.80 million, a P/E ratio of -115.76 and a beta of 1.93. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last announced its 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 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 analysts' expectations of $211.90 million. Analysts predict that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Announces Dividend

The firm 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 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, May 16th. The Shyft Group's 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.