Isthmus Partners LLC Buys 1,899 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Isthmus Partners LLC boosted its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,463 shares of the company’s stock after buying an additional 1,899 shares during the quarter. Isthmus Partners LLC’s holdings in The Shyft Group were worth $2,377,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its position in shares of The Shyft Group by 16.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 564,242 shares of the company’s stock worth $7,081,000 after acquiring an additional 78,550 shares during the period. Kirr Marbach & Co. LLC IN grew its stake in The Shyft Group by 32.5% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company’s stock worth $3,533,000 after purchasing an additional 73,773 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in The Shyft Group by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company’s stock worth $2,216,000 after purchasing an additional 58,816 shares during the period. Barclays PLC raised its position in The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after purchasing an additional 32,906 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of The Shyft Group by 2.7% in the 3rd quarter. Royce & Associates LP now owns 953,018 shares of the company’s stock worth $11,960,000 after buying an additional 24,770 shares during the period. 85.84% of the stock is owned by hedge funds and other institutional investors.

The Shyft Group Stock Up 0.6 %

The Shyft Group stock opened at $9.36 on Monday. The Shyft Group, Inc. has a twelve month low of $8.50 and a twelve month high of $17.56. The business has a fifty day moving average of $11.40 and a two-hundred day moving average of $12.41. The firm has a market cap of $326.96 million, a P/E ratio of -103.99 and a beta of 1.69. 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 Shyft Group (NASDAQ:SHYF) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The company 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%. On average, analysts forecast that The Shyft Group, Inc. will post 0.68 earnings per share for the current fiscal year.

The Shyft Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, February 27th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group’s payout ratio is currently -222.22%.

Wall Street Analyst Weigh In

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

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.