Millennium Management LLC reduced its position in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 19.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,686 shares of the company's stock after selling 28,063 shares during the period. Millennium Management LLC owned approximately 0.33% of The Shyft Group worth $1,323,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SHYF. BNP Paribas Financial Markets acquired a new position in The Shyft Group during the 4th quarter worth approximately $508,000. Renaissance Technologies LLC acquired a new position in The Shyft Group during the 4th quarter worth approximately $816,000. Dimensional Fund Advisors LP lifted its position in The Shyft Group by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company's stock worth $15,207,000 after acquiring an additional 70,269 shares in the last quarter. Royce & Associates LP lifted its position in The Shyft Group by 21.4% during 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, Norges Bank acquired a new position in The Shyft Group during the 4th quarter worth approximately $464,000. 85.84% of the stock is owned by institutional investors and hedge funds.
The Shyft Group Stock Up 2.9%
Shares of SHYF traded up $0.32 during trading on Friday, reaching $11.29. The company's stock had a trading volume of 218,306 shares, compared to its average volume of 289,191. The company has a fifty day moving average of $9.00 and a two-hundred day moving average of $10.59. The Shyft Group, Inc. has a twelve month low of $6.82 and a twelve month 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 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 Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, May 16th. The Shyft Group's payout ratio is 2,000.00%.
The Shyft Group Profile
(
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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