Jacobs Levy Equity Management Inc. Trims Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Jacobs Levy Equity Management Inc. trimmed its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,034 shares of the company's stock after selling 94,208 shares during the period. Jacobs Levy Equity Management Inc. owned 1.36% of The Shyft Group worth $5,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new position in shares of The Shyft Group in the fourth quarter worth about $41,000. Quantbot Technologies LP purchased a new position in shares of The Shyft Group in the fourth quarter worth about $48,000. Tower Research Capital LLC TRC lifted its stake 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 worth $52,000 after buying an additional 1,919 shares in the last quarter. Quarry LP lifted its stake 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 worth $71,000 after buying an additional 4,625 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of The Shyft Group in the fourth quarter worth about $138,000. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Trading Up 0.8%

The Shyft Group stock traded up $0.08 during midday trading on Tuesday, hitting $9.81. 23,386 shares of the stock were exchanged, compared to its average volume of 291,349. The Shyft Group, Inc. has a fifty-two week low of $6.82 and a fifty-two week high of $17.56. The stock has a market capitalization of $343.45 million, a price-to-earnings ratio of -108.99 and a beta of 1.93. The stock's 50-day simple moving average is $8.63 and its 200 day simple moving average is $10.91. 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 (NASDAQ:SHYF - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. The company had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million. On average, equities analysts anticipate that The Shyft Group, Inc. will post 0.68 EPS for the current year.

The Shyft Group Dividend Announcement

The firm 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, May 16th. 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.