Squarepoint Ops LLC acquired a new stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,560 shares of the company's stock, valued at approximately $429,000. Squarepoint Ops LLC owned 0.11% of The Shyft Group as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in The Shyft Group by 24.3% in the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $215,000 after buying an additional 3,575 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of The Shyft Group in the fourth quarter valued at approximately $209,000. Isthmus Partners LLC raised its stake in shares of The Shyft Group by 0.9% in the fourth quarter. Isthmus Partners LLC now owns 202,463 shares of the company's stock valued at $2,377,000 after acquiring an additional 1,899 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of The Shyft Group by 21.4% in the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock worth $13,581,000 after acquiring an additional 203,758 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in The Shyft Group during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 85.84% of the company's stock.
The Shyft Group Price Performance
SHYF stock traded up $0.32 during midday trading on Friday, reaching $11.29. 218,306 shares of the company's stock traded hands, compared to its average volume of 289,786. The company has a 50-day simple moving average of $8.94 and a two-hundred day simple moving average of $10.60. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. 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 $395.26 million, a price-to-earnings ratio of -125.43 and a beta of 1.94.
The Shyft Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Friday, May 16th. The Shyft Group's payout ratio is presently 2,000.00%.
The Shyft Group Company Profile
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Free Report)
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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