1 week Ago By ABMN Staff
Trexquant Investment LP lifted its position in shares of The Shyft Group, Inc. ( NASDAQ:SHYF – Free Report ) by 63.5% in the 4th quarter, according to its most recent disclosure with the SEC.
The fund owned 29,466 shares of the company’s stock after acquiring an additional 11,445 shares during the period. Trexquant Investment LP’s holdings in The Shyft Group were worth $346,000 as of its most recent filing with the SEC. A number of other large investors have also modified their holdings of the company.
Murphy & Mullick Capital Management Corp bought a new position in The Shyft Group in the 4th quarter worth about $41,000. Quantbot Technologies LP acquired a new position in shares of The Shyft Group during the fourth quarter worth approximately $48,000. FMR LLC increased its position in The Shyft Group by 301.
4% in the 3rd quarter. FMR LLC now owns 7,726 shares of the company’s stock valued at $97,000 after acquiring an additional 5,801 shares during the period. Raymond James Financial Inc.
bought a new stake in The Shyft Group during the 4th quarter valued at $209,000. Finally, SG Americas Securities LLC boosted 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 acquiring an additional 3,575 shares during the period. Institutional investors and hedge funds own 85.84% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research analysts have recently commented on SHYF shares. Roth Mkm reissued 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 raised shares of The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, January 15th. The Shyft Group Stock Performance Shares of NASDAQ SHYF opened at $7.
97 on Monday. The Shyft Group, Inc. has a 1 year low of $7.
14 and a 1 year high of $17.56. 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 stock has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $11.58.
The firm has a market cap of $278.41 million, a P/E ratio of -88.55 and a beta of 1.
83. The Shyft Group ( NASDAQ:SHYF – Get Free Report ) last released its 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 Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%.
The firm had revenue of $201.43 million for the quarter, compared to analyst estimates of $211.90 million.
Research analysts forecast that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.
The Shyft Group Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, February 27th were paid a dividend of $0.05 per share.
This represents a $0.20 annualized dividend and a yield of 2.51%.
The ex-dividend date of this dividend was Thursday, February 27th. The Shyft Group’s dividend payout ratio is presently -222.22%.
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.
Further Reading Want to see what other hedge funds are holding SHYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Shyft Group, Inc. ( NASDAQ:SHYF – Free Report ).
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