Northern Trust Corp Increases Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Northern Trust Corp grew its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 293,979 shares of the company’s stock after buying an additional 5,193 shares during the period. Northern Trust Corp owned 0.85% of The Shyft Group worth $3,451,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of The Shyft Group during the 4th quarter valued at $41,000. Quantbot Technologies LP acquired a new position in shares of The Shyft Group during the 4th quarter valued at $48,000. Tower Research Capital LLC TRC lifted its holdings in shares of The Shyft Group by 77.3% during 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 in the last quarter. Quarry LP lifted its holdings in shares of The Shyft Group by 317.7% during the 4th quarter. Quarry LP now owns 6,081 shares of the company’s stock valued at $71,000 after acquiring an additional 4,625 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of The Shyft Group during the 4th quarter valued at $138,000. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Stock Performance

NASDAQ:SHYF opened at $9.81 on Friday. 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 firm has a market capitalization of $343.45 million, a price-to-earnings ratio of -108.99 and a beta of 1.93. The firm’s fifty day simple moving average is $8.66 and its 200 day simple moving average is $10.84. The Shyft Group, Inc. has a twelve month low of $6.82 and a twelve month high of $17.56.

The Shyft Group (NASDAQ:SHYF) last posted its earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.09). The business had revenue of $201.43 million for 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%. As a group, equities research analysts expect 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 will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.20 annualized dividend and a dividend yield of 2.04%. The Shyft Group’s payout ratio 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.