The Shyft Group, Inc. (NASDAQ:SHYF) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its holdings in The Shyft Group, Inc. (NASDAQ:SHYF) by 57.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,284 shares of the company’s stock after selling 5,814 shares during the quarter. Quest Partners LLC’s holdings in The Shyft Group were worth $54,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Hawaiian Bank acquired a new position in shares of The Shyft Group during the 2nd quarter worth about $542,000. Federated Hermes Inc. raised its holdings in shares of The Shyft Group by 15.6% during the second quarter. Federated Hermes Inc. now owns 666,679 shares of the company’s stock valued at $7,907,000 after acquiring an additional 89,951 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of The Shyft Group in the third quarter valued at approximately $2,292,000. Vanguard Group Inc. boosted its stake in shares of The Shyft Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,792,014 shares of the company’s stock worth $22,257,000 after acquiring an additional 17,113 shares during the last quarter. Finally, Foundry Partners LLC increased its position in shares of The Shyft Group by 31.9% during the second quarter. Foundry Partners LLC now owns 319,640 shares of the company’s stock worth $3,791,000 after purchasing an additional 77,225 shares in the last quarter. 85.84% of the stock is owned by institutional investors and hedge funds.

The Shyft Group Price Performance

The Shyft Group stock opened at $14.10 on Friday. The company has a fifty day simple moving average of $13.05 and a 200-day simple moving average of $12.83. The firm has a market capitalization of $486.31 million, a price-to-earnings ratio of -117.50 and a beta of 1.63. The company has a quick ratio of 1.16, a current ratio of 1.82 and a debt-to-equity ratio of 0.44. The Shyft Group, Inc. has a 52-week low of $9.81 and a 52-week high of $17.56.

The Shyft Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.20 annualized dividend and a yield of 1.42%. The Shyft Group’s dividend payout ratio is presently -166.67%.

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.