Two Sigma Investments LP Sells 32,938 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Two Sigma Investments LP trimmed its holdings in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 19.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 136,970 shares of the company's stock after selling 32,938 shares during the period. Two Sigma Investments LP owned about 0.40% of The Shyft Group worth $1,608,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SHYF. Murphy & Mullick Capital Management Corp acquired a new position in The Shyft Group in the 4th quarter worth approximately $41,000. Quantbot Technologies LP purchased a new stake in The Shyft Group in the 4th quarter worth approximately $48,000. Tower Research Capital LLC TRC lifted 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 worth $52,000 after buying an additional 1,919 shares in the last quarter. Quarry LP lifted its position in The Shyft Group by 317.7% in the 4th quarter. Quarry LP now owns 6,081 shares of the company's stock worth $71,000 after buying an additional 4,625 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in The Shyft Group by 394.7% in the 4th quarter. Point72 Asset Management L.P. now owns 9,186 shares of the company's stock worth $108,000 after buying an additional 7,329 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors.

The Shyft Group Stock Down 1.2%

SHYF stock traded down $0.13 during midday trading on Thursday, reaching $10.97. The company had a trading volume of 184,113 shares, compared to its average volume of 289,759. The company has a market capitalization of $384.06 million, a P/E ratio of -121.88 and a beta of 1.94. The company has a 50 day moving average of $8.88 and a two-hundred day moving average of $10.62. 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 Shyft Group, Inc. has a 1 year low of $6.82 and a 1 year high of $17.56.

The Shyft Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 1.82%. The Shyft Group's dividend payout ratio is currently 2,000.00%.

The Shyft Group Company 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.