Nuveen Asset Management LLC Acquires 115,430 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Nuveen Asset Management LLC boosted its holdings in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 496,516 shares of the company's stock after buying an additional 115,430 shares during the period. Nuveen Asset Management LLC owned approximately 1.44% of The Shyft Group worth $5,829,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of The Shyft Group in the fourth quarter valued at about $41,000. Quantbot Technologies LP purchased a new stake in shares of The Shyft Group in the fourth quarter valued at about $48,000. Tower Research Capital LLC TRC raised its holdings 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 last quarter. Quarry LP raised its holdings 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 last quarter. Finally, Zacks Investment Management purchased a new stake in shares of The Shyft Group in the fourth quarter valued at about $138,000. Institutional investors and hedge funds own 85.84% of the company's stock.

The Shyft Group Stock Up 2.0%

Shares of SHYF stock traded up $0.22 on Wednesday, hitting $11.10. The stock had a trading volume of 217,572 shares, compared to its average volume of 290,181. The business has a 50 day moving average of $8.88 and a 200 day moving average of $10.62. The stock has a market cap of $388.61 million, a price-to-earnings ratio of -123.32 and a beta of 1.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The Shyft Group, Inc. has a 12-month low of $6.82 and a 12-month high of $17.56.

The Shyft Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued 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 yield of 1.80%. The Shyft Group's dividend payout ratio (DPR) is presently 2,000.00%.

About The Shyft Group

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.