Manatuck Hill Partners LLC Purchases 275,000 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Manatuck Hill Partners LLC raised its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF - Free Report) by 183.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 425,000 shares of the company's stock after buying an additional 275,000 shares during the quarter. The Shyft Group comprises 2.0% of Manatuck Hill Partners LLC's portfolio, making the stock its 12th largest holding. Manatuck Hill Partners LLC owned approximately 1.23% of The Shyft Group worth $4,990,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Isthmus Partners LLC boosted its position in shares of The Shyft Group by 0.9% during the 4th quarter. Isthmus Partners LLC now owns 202,463 shares of the company's stock valued at $2,377,000 after acquiring an additional 1,899 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $52,000 after acquiring an additional 1,919 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in The Shyft Group by 7.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,758 shares of the company's stock worth $397,000 after acquiring an additional 2,224 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of The Shyft Group during the fourth quarter valued at approximately $41,000. Finally, SG Americas Securities LLC increased its position in shares of The Shyft Group by 24.3% in the fourth quarter. SG Americas Securities LLC now owns 18,274 shares of the company's stock valued at $215,000 after acquiring an additional 3,575 shares during the period. Institutional investors own 85.84% of the company's stock.

The Shyft Group Stock Up 1.2 %

Shares of The Shyft Group stock traded up $0.11 during midday trading on Wednesday, hitting $9.01. The company had a trading volume of 40,215 shares, compared to its average volume of 289,852. The company has a 50 day moving average of $8.55 and a 200 day moving average of $11.10. The stock has a market capitalization of $315.23 million, a P/E ratio of -99.88 and a beta of 1.93. The Shyft Group, Inc. has a 52-week low of $6.82 and a 52-week high of $17.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.09). The firm had revenue of $201.43 million during the quarter, compared to the consensus estimate of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. On average, equities analysts predict that The Shyft Group, Inc. will post 0.68 earnings per share for the current fiscal year.

The Shyft Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given 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 2.22%. The Shyft Group's payout ratio is currently 2,000.00%.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded shares of The Shyft Group from a "neutral" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, January 15th.

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.