Nuveen Asset Management LLC Has $5.83 Million Stock Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Nuveen Asset Management LLC increased its position in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 30.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 1.44% of The Shyft Group worth $5,829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of 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 buying an additional 1,216,701 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of The Shyft Group by 0.8% during the 4th 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 increased its holdings in shares of 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 purchasing an additional 70,269 shares during the period. Zuckerman Investment Group LLC raised its position in shares of 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 valued at $14,762,000 after buying an additional 17,787 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of The Shyft Group by 21.4% in the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company's stock valued at $13,581,000 after buying an additional 203,758 shares during the period. Institutional investors own 85.84% of the company's stock.

The Shyft Group Stock Performance

SHYF stock traded up $0.45 during trading on Tuesday, reaching $10.85. 89,682 shares of the stock were exchanged, compared to its average volume of 290,956. The Shyft Group, Inc. has a twelve month low of $6.82 and a twelve month high of $17.56. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $379.86 million, a P/E ratio of -120.54 and a beta of 1.94. The stock has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $10.61.

The Shyft Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a $0.05 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.84%. The Shyft Group's dividend payout ratio (DPR) is currently 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.