The Shyft Group, Inc. (NASDAQ:SHYF) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 19.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,686 shares of the company’s stock after selling 28,063 shares during the period. Millennium Management LLC owned 0.33% of The Shyft Group worth $1,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased its holdings in shares of The Shyft Group by 60.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company’s stock valued at $38,038,000 after purchasing an additional 1,216,701 shares during the period. Vanguard Group Inc. increased its stake in The Shyft Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 1,773,705 shares of the company’s stock valued at $20,823,000 after buying an additional 13,263 shares during the period. Dimensional Fund Advisors LP increased its stake in The Shyft Group by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,295,359 shares of the company’s stock valued at $15,207,000 after buying an additional 70,269 shares during the period. Zuckerman Investment Group LLC lifted its position in The Shyft Group by 1.4% in the 4th quarter. Zuckerman Investment Group LLC now owns 1,294,886 shares of the company’s stock worth $14,762,000 after buying an additional 17,787 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of The Shyft Group by 21.4% during the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock valued at $13,581,000 after buying an additional 203,758 shares during the period. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

The Shyft Group Stock Up 4.6%

SHYF opened at $10.88 on Wednesday. The company has a market capitalization of $380.91 million, a PE ratio of -120.88 and a beta of 1.94. 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 Shyft Group, Inc. has a fifty-two week low of $6.82 and a fifty-two week high of $17.56. The business has a 50-day moving average of $8.83 and a 200-day moving average of $10.62.

The Shyft Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, May 16th. The Shyft Group’s dividend payout ratio (DPR) is presently 2,000.00%.

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.