Pzena Investment Management LLC Purchases New Position in The Shyft Group, Inc. (NASDAQ:SHYF)

Pzena Investment Management LLC purchased a new stake in The Shyft Group, Inc. (NASDAQ:SHYF) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 327,733 shares of the company’s stock, valued at approximately $4,070,000. Pzena Investment Management LLC owned approximately 0.95% of The Shyft Group at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of The Shyft Group by 1.6% during the third quarter. Vanguard Group Inc. now owns 1,739,076 shares of the company’s stock valued at $26,034,000 after acquiring an additional 28,179 shares in the last quarter. Orchard Capital Management LLC grew its stake in shares of The Shyft Group by 5.5% during the fourth quarter. Orchard Capital Management LLC now owns 548,643 shares of the company’s stock valued at $6,704,000 after acquiring an additional 28,664 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of The Shyft Group by 101.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 535,539 shares of the company’s stock valued at $6,544,000 after acquiring an additional 270,284 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of The Shyft Group by 15.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 514,217 shares of the company’s stock valued at $6,284,000 after acquiring an additional 69,264 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of The Shyft Group by 44.9% during the fourth quarter. First Eagle Investment Management LLC now owns 438,116 shares of the company’s stock valued at $5,354,000 after acquiring an additional 135,770 shares in the last quarter. 85.84% of the stock is currently owned by institutional investors and hedge funds.

The Shyft Group Stock Down 0.5 %

Shares of SHYF stock traded down $0.05 during trading hours on Wednesday, hitting $10.16. 241,775 shares of the company were exchanged, compared to its average volume of 293,878. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.12 and a current ratio of 1.77. The Shyft Group, Inc. has a one year low of $9.81 and a one year high of $21.63. The business’s 50-day simple moving average is $12.17 and its two-hundred day simple moving average is $11.61. The stock has a market capitalization of $349.20 million, a price-to-earnings ratio of -1,010.00 and a beta of 1.66.

The Shyft Group (NASDAQ:SHYF) last issued its earnings results on Thursday, April 25th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.15. The Shyft Group had a return on equity of 2.76% and a net margin of 0.01%. The company had revenue of $197.89 million during the quarter, compared to the consensus estimate of $183.90 million. Sell-side analysts predict that The Shyft Group, Inc. will post 0.26 EPS for the current fiscal year.

The Shyft Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.97%. The Shyft Group’s payout ratio is -2,000.00%.

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.