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

Jacobs Levy Equity Management Inc. lowered its holdings in The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 470,034 shares of the company's stock after selling 94,208 shares during the quarter. Jacobs Levy Equity Management Inc. owned 1.36% of The Shyft Group worth $5,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of The Shyft Group in the fourth quarter worth $41,000. Quantbot Technologies LP acquired a new stake in The Shyft Group during the fourth quarter valued at $48,000. Tower Research Capital LLC TRC grew its position in The Shyft Group by 77.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,403 shares of the company's stock valued at $52,000 after buying an additional 1,919 shares during the period. Quarry LP grew its position in The Shyft Group by 317.7% during the fourth quarter. Quarry LP now owns 6,081 shares of the company's stock valued at $71,000 after buying an additional 4,625 shares during the period. Finally, Zacks Investment Management acquired a new stake in The Shyft Group during the fourth quarter valued at $138,000. Institutional investors and hedge funds own 85.84% of the company's stock.

The Shyft Group Stock Performance

SHYF stock traded down $0.03 during midday trading on Monday, hitting $9.72. 84,081 shares of the stock traded hands, compared to its average volume of 292,201. The firm has a market cap of $340.30 million, a P/E ratio of -107.99 and a beta of 1.93. 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's fifty day simple moving average is $8.61 and its 200-day simple moving average is $10.93. The Shyft Group, Inc. has a 1-year low of $6.82 and a 1-year high of $17.56.

The Shyft Group (NASDAQ:SHYF - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.09). The company had revenue of $201.43 million for the quarter, compared to analysts' expectations of $211.90 million. The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. On average, analysts expect that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, May 16th. The Shyft Group's dividend payout ratio 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.