Barclays PLC Raises Stake in The Shyft Group, Inc. (NASDAQ:SHYF)

Barclays PLC grew its holdings in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 257.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 45,666 shares of the company’s stock after acquiring an additional 32,906 shares during the quarter. Barclays PLC’s holdings in The Shyft Group were worth $573,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC grew its holdings in shares of The Shyft Group by 21.2% during the 2nd quarter. Quest Partners LLC now owns 10,098 shares of the company’s stock valued at $120,000 after purchasing an additional 1,768 shares during the last quarter. nVerses Capital LLC bought a new position in shares of The Shyft Group during the second quarter valued at about $26,000. Centaurus Financial Inc. increased its holdings in shares of The Shyft Group by 0.6% in the third quarter. Centaurus Financial Inc. now owns 433,056 shares of the company’s stock worth $5,435,000 after buying an additional 2,433 shares during the period. Foundry Partners LLC increased its holdings in shares of The Shyft Group by 1.0% in the third quarter. Foundry Partners LLC now owns 322,755 shares of the company’s stock worth $4,051,000 after buying an additional 3,115 shares during the period. Finally, Isthmus Partners LLC boosted its holdings in The Shyft Group by 1.9% during the 2nd quarter. Isthmus Partners LLC now owns 248,581 shares of the company’s stock valued at $2,948,000 after acquiring an additional 4,579 shares during the period. 85.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. DA Davidson reaffirmed a “neutral” rating and issued a $15.00 price target (down from $18.00) on shares of The Shyft Group in a research note on Tuesday, December 17th. Roth Mkm restated a “buy” rating and issued a $16.00 price objective on shares of The Shyft Group in a research report on Tuesday, December 17th.

The Shyft Group Trading Up 1.3 %

SHYF opened at $11.74 on Thursday. The Shyft Group, Inc. has a one year low of $9.81 and a one year high of $17.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.82 and a quick ratio of 1.16. The business has a 50 day simple moving average of $13.12 and a two-hundred day simple moving average of $12.80. The firm has a market capitalization of $404.96 million, a price-to-earnings ratio of -97.83 and a beta of 1.63.

The Shyft Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, November 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.70%. The Shyft Group’s dividend payout ratio is presently -166.67%.

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.