Renaissance Technologies LLC Acquires New Stake in The Shyft Group, Inc. (NASDAQ:SHYF)

Renaissance Technologies LLC bought a new position in The Shyft Group, Inc. (NASDAQ:SHYF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 69,521 shares of the company’s stock, valued at approximately $816,000. Renaissance Technologies LLC owned 0.20% of The Shyft Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $2,377,000 after purchasing an additional 1,899 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of The Shyft Group in the fourth quarter worth about $41,000. SG Americas Securities LLC increased its position 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 worth $215,000 after purchasing an additional 3,575 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of The Shyft Group during the 4th quarter valued at approximately $48,000. Finally, American Century Companies Inc. boosted its stake in shares of The Shyft Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 58,275 shares of the company’s stock worth $684,000 after purchasing an additional 4,256 shares during the period. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson raised shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, January 15th.

The Shyft Group Stock Performance

SHYF opened at $8.74 on Friday. The Shyft Group, Inc. has a 52-week low of $6.82 and a 52-week high of $17.56. 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 firm’s fifty day simple moving average is $8.63 and its two-hundred day simple moving average is $11.19. The company has a market cap of $305.31 million, a price-to-earnings ratio of -97.10 and a beta of 1.83.

The Shyft Group (NASDAQ:SHYF) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The business had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. Equities analysts anticipate that The Shyft Group, Inc. will post 0.68 earnings per share for the current fiscal year.

The Shyft Group Dividend Announcement

The company 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 dividend of $0.05 per share. The ex-dividend date is Friday, May 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.29%. The Shyft Group’s dividend payout ratio (DPR) is 2,000.00%.

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.