Two Sigma Investments LP decreased its holdings in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 19.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in SHYF. SG Americas Securities LLC grew its holdings in shares of The Shyft Group by 24.3% during the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $215,000 after buying an additional 3,575 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in The Shyft Group in the fourth quarter valued at $209,000. Isthmus Partners LLC boosted its holdings in The Shyft Group by 0.9% in the fourth quarter. Isthmus Partners LLC now owns 202,463 shares of the company's stock valued at $2,377,000 after purchasing an additional 1,899 shares during the last quarter. Royce & Associates LP boosted its holdings in 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 purchasing an additional 203,758 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in The Shyft Group in the fourth quarter valued at $48,000. 85.84% of the stock is owned by institutional investors and hedge funds.
The Shyft Group Stock Performance
NASDAQ:SHYF traded up $0.32 during mid-day trading on Friday, hitting $11.29. The company's stock had a trading volume of 218,306 shares, compared to its average volume of 289,191. The Shyft Group, Inc. has a 1 year low of $6.82 and a 1 year high of $17.56. 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 stock has a market cap of $395.26 million, a price-to-earnings ratio of -125.43 and a beta of 1.94. The business's fifty day moving average is $9.00 and its two-hundred day moving average is $10.59.
The Shyft Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a 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 Company Profile
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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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