Millennium Management LLC Has $1.32 Million Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Millennium Management LLC lessened its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,686 shares of the company's stock after selling 28,063 shares during the quarter. Millennium Management LLC owned 0.33% of The Shyft Group worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of The Shyft Group by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,391 shares of the company's stock valued at $228,000 after buying an additional 836 shares during the period. Isthmus Partners LLC raised its position in The Shyft Group by 0.9% in the 4th quarter. Isthmus Partners LLC now owns 202,463 shares of the company's stock valued at $2,377,000 after buying an additional 1,899 shares during the last quarter. Tower Research Capital LLC TRC raised its position in The Shyft Group by 77.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,403 shares of the company's stock valued at $52,000 after buying an additional 1,919 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of The Shyft Group by 7.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,758 shares of the company's stock worth $397,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of The Shyft Group during the 4th quarter worth approximately $41,000. Institutional investors own 85.84% of the company's stock.

The Shyft Group Stock Performance

Shares of NASDAQ SHYF traded down $0.13 during midday trading on Thursday, hitting $10.97. 184,113 shares of the company's stock were exchanged, compared to its average volume of 289,759. 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 12 month low of $6.82 and a 12 month high of $17.56. The company's 50 day moving average price is $8.88 and its 200 day moving average price is $10.62. The firm has a market capitalization of $384.06 million, a PE ratio of -121.88 and a beta of 1.94.

The Shyft Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.82%. The Shyft Group's payout ratio is 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.