Kirr Marbach & Co. LLC IN Raises Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Kirr Marbach & Co. LLC IN boosted its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,844 shares of the company's stock after purchasing 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 quarter.

A number of other institutional 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% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company's stock worth $38,038,000 after purchasing an additional 1,216,701 shares during the period. Vanguard Group Inc. raised its stake in The Shyft Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company's stock worth $20,823,000 after purchasing an additional 13,263 shares during the period. Dimensional Fund Advisors LP raised its stake in The Shyft Group by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company's stock worth $15,207,000 after purchasing an additional 70,269 shares during the period. Zuckerman Investment Group LLC raised its stake in 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 during the period. Finally, Royce & Associates LP raised its stake in 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. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Price Performance

Shares of SHYF stock opened at $11.94 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.72 and a quick ratio of 1.15. The firm's 50-day moving average is $9.87 and its two-hundred day moving average is $10.42. The Shyft Group, Inc. has a 12 month low of $6.82 and a 12 month high of $17.56. The company has a market capitalization of $418.02 million, a PE ratio of 1,194.00 and a beta of 1.94.

The Shyft Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Friday, May 16th. The Shyft Group's dividend payout ratio (DPR) 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.

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