Two Sigma Investments LP Sells 32,938 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Two Sigma Investments LP reduced its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYFFree Report) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,970 shares of the company’s stock after selling 32,938 shares during the period. Two Sigma Investments LP owned 0.40% of The Shyft Group worth $1,608,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC grew 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 purchasing an additional 3,575 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of The Shyft Group in the fourth quarter valued at about $209,000. Isthmus Partners LLC grew its position in shares of The Shyft Group by 0.9% in the fourth quarter. Isthmus Partners LLC now owns 202,463 shares of the company’s stock valued at $2,377,000 after purchasing an additional 1,899 shares during the last quarter. Royce & Associates LP grew its position in shares of The Shyft Group by 21.4% in the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock valued at $13,581,000 after purchasing an additional 203,758 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of The Shyft Group in the fourth quarter valued at about $48,000. 85.84% of the stock is currently owned by institutional investors.

The Shyft Group Trading Up 4.6%

Shares of NASDAQ:SHYF opened at $10.88 on Wednesday. The company has a market cap of $380.91 million, a P/E ratio of -120.88 and a beta of 1.94. The stock’s 50-day moving average is $8.83 and its 200-day moving average is $10.62. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, May 16th. The Shyft Group’s dividend payout ratio is currently 2,000.00%.

The Shyft Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The Shyft Group (NASDAQ:SHYF)

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