Foundry Partners LLC Sells 150,345 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Foundry Partners LLC reduced its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 46.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 172,410 shares of the company’s stock after selling 150,345 shares during the quarter. Foundry Partners LLC owned approximately 0.50% of The Shyft Group worth $2,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHYF. Isthmus Partners LLC boosted its holdings in shares of The Shyft Group by 0.9% during the 4th quarter. Isthmus Partners LLC now owns 202,463 shares of the company’s stock worth $2,377,000 after buying an additional 1,899 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in The Shyft Group during the fourth quarter valued at about $41,000. SG Americas Securities LLC increased its stake 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 worth $215,000 after purchasing an additional 3,575 shares during the period. Quantbot Technologies LP acquired a new position in shares of The Shyft Group during the 4th quarter worth about $48,000. Finally, American Century Companies Inc. boosted its stake in The Shyft Group by 7.9% during the 4th quarter. American Century Companies Inc. now owns 58,275 shares of the company’s stock valued at $684,000 after purchasing an additional 4,256 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.

The Shyft Group Trading Up 2.7 %

Shares of SHYF opened at $8.06 on Friday. The stock’s 50-day moving average price is $10.28 and its 200 day moving average price is $11.81. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $281.55 million, a price-to-earnings ratio of -89.55 and a beta of 1.83. The Shyft Group, Inc. has a 12-month low of $7.14 and a 12-month high of $17.56.

The Shyft Group (NASDAQ:SHYF) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The firm had revenue of $201.43 million for the quarter, compared to the consensus estimate 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, research analysts predict that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, February 27th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 27th. This represents a $0.20 annualized dividend and a dividend yield of 2.48%. The Shyft Group’s dividend payout ratio (DPR) is currently -222.22%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SHYF shares. Roth Mkm reiterated a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a report on Tuesday, December 17th. DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, January 15th.

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.