Foundry Partners LLC Reduces Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Foundry Partners LLC lessened its holdings in The Shyft Group, Inc. (NASDAQ:SHYF) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,945 shares of the company’s stock after selling 3,795 shares during the quarter. Foundry Partners LLC owned approximately 0.62% of The Shyft Group worth $2,590,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in The Shyft Group in the third quarter valued at $45,000. First Command Advisory Services Inc. purchased a new position in The Shyft Group in the third quarter valued at $81,000. Sequoia Financial Advisors LLC purchased a new position in The Shyft Group in the fourth quarter valued at $124,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in The Shyft Group by 54.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,373 shares of the company’s stock valued at $125,000 after buying an additional 2,945 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of The Shyft Group by 31.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,978 shares of the company’s stock worth $134,000 after purchasing an additional 2,605 shares during the last quarter. Hedge funds and other institutional investors own 85.84% of the company’s stock.

Insider Transactions at The Shyft Group

In other The Shyft Group news, CEO John Albert Dunn bought 4,545 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of $11.00 per share, for a total transaction of $49,995.00. Following the completion of the purchase, the chief executive officer now owns 35,894 shares of the company’s stock, valued at $394,834. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.54% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson dropped their price objective on The Shyft Group from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, The Shyft Group presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

The Shyft Group Stock Performance

Shares of SHYF stock opened at $11.11 on Tuesday. The stock’s 50-day moving average is $11.22 and its two-hundred day moving average is $11.59. The firm has a market cap of $381.41 million, a price-to-earnings ratio of 61.73 and a beta of 1.67. The Shyft Group, Inc. has a 1 year low of $9.81 and a 1 year high of $27.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.99 and a current ratio of 1.57.

The Shyft Group (NASDAQ:SHYF) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The Shyft Group had a return on equity of 4.91% and a net margin of 0.74%. The company had revenue of $202.33 million for the quarter, compared to analyst estimates of $205.40 million. Analysts predict that The Shyft Group, Inc. will post 0.28 earnings per share for the current year.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 16th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.80%. The Shyft Group’s dividend payout ratio (DPR) is 111.12%.

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.