Pacific Ridge Capital Partners LLC Grows Holdings in The Shyft Group, Inc. (NASDAQ:SHYF)

Pacific Ridge Capital Partners LLC lifted its stake in The Shyft Group, Inc. (NASDAQ:SHYF) by 37.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 46,746 shares of the company’s stock after acquiring an additional 12,734 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.14% of The Shyft Group worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Barclays PLC raised its position in The Shyft Group by 257.9% in the third quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after purchasing an additional 32,906 shares during the period. Royce & Associates LP grew its stake in shares of The Shyft Group by 21.4% in the fourth quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock valued at $13,581,000 after buying an additional 203,758 shares in the last quarter. Kirr Marbach & Co. LLC IN raised its holdings in shares of The Shyft Group by 32.5% in the 4th quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company’s stock valued at $3,533,000 after buying an additional 73,773 shares during the period. Geode Capital Management LLC lifted its stake in The Shyft Group by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 773,150 shares of the company’s stock worth $9,705,000 after acquiring an additional 9,588 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in The Shyft Group by 49.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company’s stock valued at $2,216,000 after acquiring an additional 58,816 shares during the period. Hedge funds and other institutional investors own 85.84% of the company’s stock.

The Shyft Group Stock Down 0.2 %

Shares of NASDAQ SHYF opened at $9.17 on Thursday. The Shyft Group, Inc. has a 12-month low of $8.27 and a 12-month high of $17.56. The stock has a market cap of $320.33 million, a P/E ratio of -101.88 and a beta of 1.69. The company has a current ratio of 1.82, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $12.01.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly 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 negative net margin of 0.36% and a positive return on equity of 2.75%. The company had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. As a group, equities analysts predict that The Shyft Group, Inc. will post 0.68 EPS for the current fiscal year.

The Shyft Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group’s dividend payout ratio (DPR) is presently -222.22%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SHYF shares. Roth Mkm reiterated a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a research note 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 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.