SG Americas Securities LLC Has $184,000 Stake in The Shyft Group, Inc. (NASDAQ:SHYF)

SG Americas Securities LLC lowered its holdings in The Shyft Group, Inc. (NASDAQ:SHYF) by 18.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,699 shares of the company’s stock after selling 3,249 shares during the quarter. SG Americas Securities LLC’s holdings in The Shyft Group were worth $184,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Pzena Investment Management LLC raised its holdings in The Shyft Group by 889.8% during the second quarter. Pzena Investment Management LLC now owns 3,243,834 shares of the company’s stock worth $38,472,000 after buying an additional 2,916,101 shares during the last quarter. Vanguard Group Inc. raised its holdings in The Shyft Group by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,792,014 shares of the company’s stock worth $22,257,000 after buying an additional 17,113 shares during the last quarter. Federated Hermes Inc. boosted its stake in The Shyft Group by 15.6% during the 2nd quarter. Federated Hermes Inc. now owns 666,679 shares of the company’s stock valued at $7,907,000 after purchasing an additional 89,951 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in The Shyft Group by 1.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 480,116 shares of the company’s stock worth $5,694,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in The Shyft Group by 40.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 437,653 shares of the company’s stock worth $5,436,000 after purchasing an additional 126,832 shares in the last quarter. Institutional investors own 85.84% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson raised The Shyft Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $18.00 in a research report on Monday, July 29th.

The Shyft Group Stock Performance

Shares of SHYF stock opened at $11.74 on Thursday. 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 firm has a 50-day moving average of $12.74 and a 200-day moving average of $12.43. The Shyft Group, Inc. has a one year low of $9.81 and a one year high of $17.56. The company has a market cap of $403.55 million, a P/E ratio of -1,174.00 and a beta of 1.65.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.07 by $0.09. The Shyft Group had a negative net margin of 0.30% and a positive return on equity of 1.22%. The firm had revenue of $192.80 million during the quarter, compared to analyst estimates of $201.49 million. During the same quarter last year, the business posted $0.22 EPS. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. Equities research analysts forecast that The Shyft Group, Inc. will post 0.29 EPS for the current fiscal year.

The Shyft Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Friday, August 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, August 16th. The Shyft Group’s dividend payout ratio is presently -2,000.00%.

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.