Pacific Ridge Capital Partners LLC Boosts Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Pacific Ridge Capital Partners LLC boosted its holdings in The Shyft Group, Inc. (NASDAQ:SHYF) by 37.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,746 shares of the company’s stock after purchasing an additional 12,734 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in The Shyft Group were worth $549,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Isthmus Partners LLC grew its position in shares of The Shyft Group by 0.9% during the fourth quarter. Isthmus Partners LLC now owns 202,463 shares of the company’s stock worth $2,377,000 after acquiring an additional 1,899 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in The Shyft Group during the 4th quarter worth $41,000. SG Americas Securities LLC grew its position in The Shyft Group by 24.3% during the 4th 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 last quarter. Quantbot Technologies LP acquired a new position in The Shyft Group in the fourth quarter valued at $48,000. Finally, American Century Companies Inc. raised its holdings in shares of The Shyft Group by 7.9% in the fourth quarter. American Century Companies Inc. now owns 58,275 shares of the company’s stock valued at $684,000 after buying an additional 4,256 shares during the last quarter. 85.84% of the stock is currently owned by hedge funds and other institutional investors.

The Shyft Group Stock Performance

Shares of SHYF opened at $9.17 on Thursday. The stock has a market capitalization of $320.33 million, a P/E ratio of -101.88 and a beta of 1.69. 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, Inc. has a 1 year low of $8.27 and a 1 year high of $17.56. The company’s fifty day moving average is $10.87 and its two-hundred day moving average is $12.01.

The Shyft Group (NASDAQ:SHYF) last issued its quarterly earnings results 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 analyst estimates of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. On average, sell-side analysts predict that The Shyft Group, Inc. will post 0.68 earnings per share for the current year.

The Shyft Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, February 27th. The Shyft Group’s dividend payout ratio (DPR) is -222.22%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, January 15th. Roth Mkm reaffirmed a “buy” rating and set a $16.00 price objective on shares of The Shyft Group in a research report on Tuesday, December 17th.

The Shyft Group Company 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.