Zhang Financial LLC Has $133,000 Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Zhang Financial LLC trimmed its position in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 47.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,216 shares of the company’s stock after selling 10,165 shares during the period. Zhang Financial LLC’s holdings in The Shyft Group were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its position in The Shyft Group by 95.0% in the 2nd quarter. SG Americas Securities LLC now owns 17,948 shares of the company’s stock worth $213,000 after purchasing an additional 8,742 shares during the last quarter. CWM LLC grew its stake in shares of The Shyft Group by 260.9% in the 2nd quarter. CWM LLC now owns 4,731 shares of the company’s stock valued at $56,000 after buying an additional 3,420 shares in the last quarter. First Hawaiian Bank acquired a new position in The Shyft Group in the second quarter worth approximately $542,000. Bluefin Capital Management LLC bought a new position in The Shyft Group during the first quarter valued at approximately $204,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in The Shyft Group by 40.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 437,653 shares of the company’s stock valued at $5,436,000 after acquiring an additional 126,832 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 $13.05 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.86 and a quick ratio of 1.19. The Shyft Group, Inc. has a one year low of $9.81 and a one year high of $17.56. The company’s fifty day moving average price is $12.54 and its 200 day moving average price is $11.93. The company has a market capitalization of $449.70 million, a PE ratio of -1,305.00 and a beta of 1.65.

The Shyft Group (NASDAQ:SHYF) last announced its earnings results on Thursday, July 25th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.09. The Shyft Group had a positive return on equity of 1.22% and a negative net margin of 0.30%. The firm had revenue of $192.80 million during the quarter, compared to the consensus estimate of $201.49 million. During the same quarter in the prior year, the company earned $0.22 EPS. The firm’s revenue for the quarter was down 14.3% compared to the same quarter last year. As a group, analysts expect that The Shyft Group, Inc. will post 0.29 earnings per share for the current year.

The Shyft Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.20 annualized dividend and a yield of 1.53%. The Shyft Group’s dividend payout ratio (DPR) is -2,000.00%.

Analyst Ratings Changes

Separately, DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $18.00 in a report on Monday, July 29th.

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.