Kirr Marbach & Co. LLC IN Boosts Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Kirr Marbach & Co. LLC IN raised its position in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 11.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 335,844 shares of the company's stock after acquiring an additional 34,943 shares during the period. Kirr Marbach & Co. LLC IN owned approximately 0.96% of The Shyft Group worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of The Shyft Group in the fourth quarter valued at about $41,000. Quantbot Technologies LP acquired a new stake in shares of The Shyft Group in the fourth quarter valued at about $48,000. Tower Research Capital LLC TRC lifted its stake in shares of The Shyft Group by 77.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,403 shares of the company's stock valued at $52,000 after purchasing an additional 1,919 shares during the period. Quarry LP lifted its stake in shares of The Shyft Group by 317.7% in the fourth quarter. Quarry LP now owns 6,081 shares of the company's stock valued at $71,000 after purchasing an additional 4,625 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings 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 valued at $108,000 after acquiring an additional 7,329 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company's stock.

The Shyft Group Price Performance

NASDAQ:SHYF traded up $0.01 during mid-day trading on Friday, hitting $12.64. 247,793 shares of the company's stock traded hands, compared to its average volume of 286,443. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.15 and a current ratio of 1.72. The firm's 50 day simple moving average is $10.28 and its 200 day simple moving average is $10.44. The Shyft Group, Inc. has a 1 year low of $6.82 and a 1 year high of $17.56. The company has a market cap of $442.53 million, a PE ratio of 1,264.00 and a beta of 1.94.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.58%. The Shyft Group's dividend payout ratio (DPR) is currently 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.