Cambridge Investment Research Advisors Inc. Has $83,000 Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 16.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,199 shares of the company’s stock after selling 1,988 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in The Shyft Group were worth $83,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. grew its position in The Shyft Group by 60.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,240,017 shares of the company’s stock worth $38,038,000 after buying an additional 1,216,701 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 13,263 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 70,269 shares in the last quarter. Zuckerman Investment Group LLC boosted its holdings in shares of 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 valued at $14,762,000 after purchasing an additional 17,787 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of The Shyft Group by 21.4% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

The Shyft Group Stock Performance

Shares of SHYF stock opened at $12.54 on Tuesday. The stock’s fifty day moving average price is $11.20 and its two-hundred day moving average price is $10.44. The company has a market cap of $439.03 million, a PE ratio of 1,254.00 and a beta of 1.94. The Shyft Group, Inc. has a fifty-two week low of $6.82 and a fifty-two week high of $17.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.15 and a current ratio of 1.72.

The Shyft Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Friday, May 16th. The Shyft Group’s dividend payout ratio is presently 2,000.00%.

About The Shyft Group

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.