2 weeks Ago By ABMN Staff
Marathon Capital Management lessened its stake in shares of The Shyft Group, Inc. ( NASDAQ:SHYF – Free Report ) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 122,046 shares of the company’s stock after selling 1,985 shares during the quarter. Marathon Capital Management owned about 0.35% of The Shyft Group worth $1,447,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of SHYF. Price T Rowe Associates Inc. MD raised its position in The Shyft Group by 4.
2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,465 shares of the company’s stock valued at $379,000 after purchasing an additional 1,231 shares during the last quarter.
Quest Partners LLC boosted its position in shares of The Shyft Group by 21.2% in the 2nd quarter. Quest Partners LLC now owns 10,098 shares of the company’s stock worth $120,000 after buying an additional 1,768 shares in the last quarter.
nVerses Capital LLC purchased a new stake in shares of The Shyft Group in the 2nd quarter worth about $26,000. Motco purchased a new stake in shares of The Shyft Group in the 1st quarter worth about $39,000. Finally, CWM LLC boosted its position 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 worth $56,000 after buying an additional 3,420 shares in the last quarter. Hedge funds and other institutional investors own 85.
84% of the company’s stock. The Shyft Group Trading Up 0.2 % Shares of SHYF stock opened at $12.
39 on Friday. The firm’s 50-day simple moving average is $13.39 and its 200-day simple moving average is $12.
35. The firm has a market cap of $426.96 million, a P/E ratio of -1,239.
00 and a beta of 1.65. The Shyft Group, Inc.
has a 1-year low of $9.81 and a 1-year high of $17.56.
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 Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were given a $0.
05 dividend. This represents a $0.20 annualized dividend and a yield of 1.
61%. The ex-dividend date was Friday, August 16th. The Shyft Group’s dividend payout ratio (DPR) is -2,000.
00%. Analyst Upgrades and Downgrades Separately, DA Davidson upgraded shares of The Shyft Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $18.
00 in a report on Monday, July 29th. Get Our Latest Analysis on SHYF The Shyft Group Company Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for The Shyft Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Shyft Group and related companies with MarketBeat.com's FREE daily email newsletter .
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