The Shyft Group, Inc. (NASDAQ:SHYF) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP raised its position in The Shyft Group, Inc. (NASDAQ:SHYF) by 63.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,466 shares of the company’s stock after acquiring an additional 11,445 shares during the quarter. Trexquant Investment LP owned 0.09% of The Shyft Group worth $346,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in The Shyft Group during the 4th quarter worth $41,000. Quantbot Technologies LP acquired a new stake in shares of The Shyft Group during the fourth quarter valued at about $48,000. FMR LLC increased its position in shares of The Shyft Group by 301.4% during the third quarter. FMR LLC now owns 7,726 shares of the company’s stock worth $97,000 after acquiring an additional 5,801 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of The Shyft Group in the fourth quarter worth about $209,000. Finally, SG Americas Securities LLC boosted its holdings in 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 purchasing an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SHYF. DA Davidson upgraded The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, January 15th. Roth Mkm reaffirmed a “buy” rating and issued a $16.00 price target on shares of The Shyft Group in a report on Tuesday, December 17th.

The Shyft Group Stock Down 1.0 %

Shares of The Shyft Group stock opened at $7.97 on Monday. The business has a 50-day moving average price of $9.76 and a 200 day moving average price of $11.58. The Shyft Group, Inc. has a fifty-two week low of $7.14 and a fifty-two week high of $17.56. The firm has a market cap of $278.41 million, a P/E ratio of -88.55 and a beta of 1.83. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44.

The Shyft Group (NASDAQ:SHYF) last announced 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 Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. The firm had revenue of $201.43 million for the quarter, compared to the consensus estimate of $211.90 million. On average, sell-side analysts forecast that The Shyft Group, Inc. will post 0.68 earnings per share for the current fiscal year.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, February 27th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 27th. This represents a $0.20 dividend on an annualized basis and a yield of 2.51%. The Shyft Group’s dividend payout ratio is currently -222.22%.

The Shyft Group 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.