3,480 Shares in The Shyft Group, Inc. (NASDAQ:SHYF) Purchased by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in The Shyft Group, Inc. (NASDAQ:SHYF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,480 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds also recently bought and sold shares of SHYF. Barclays PLC raised its stake in shares of The Shyft Group by 257.9% in the 3rd quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after acquiring an additional 32,906 shares during the period. Royce & Associates LP increased its holdings in The Shyft Group by 21.4% in the 4th quarter. Royce & Associates LP now owns 1,156,776 shares of the company’s stock valued at $13,581,000 after purchasing an additional 203,758 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its position in The Shyft Group by 32.5% in the fourth quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company’s stock valued at $3,533,000 after purchasing an additional 73,773 shares during the period. Geode Capital Management LLC boosted its position in shares of The Shyft Group by 1.3% during the third quarter. Geode Capital Management LLC now owns 773,150 shares of the company’s stock worth $9,705,000 after buying an additional 9,588 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of The Shyft Group by 49.9% during the third quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company’s stock worth $2,216,000 after buying 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 Trading Down 1.9 %

SHYF opened at $9.00 on Friday. The business has a fifty day moving average price of $10.80 and a 200 day moving average price of $11.99. 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 Shyft Group, Inc. has a 12 month low of $8.27 and a 12 month high of $17.56. The stock has a market capitalization of $314.39 million, a price-to-earnings ratio of -99.99 and a beta of 1.69.

The Shyft Group (NASDAQ:SHYF) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The business had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. The Shyft Group had a negative net margin of 0.36% and a positive return on equity of 2.75%. Sell-side analysts expect that The Shyft Group, Inc. will post 0.68 earnings per share for the current fiscal year.

The Shyft Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, February 27th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Thursday, February 27th. The Shyft Group’s dividend payout ratio (DPR) is -222.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. DA Davidson raised 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. Roth Mkm reissued a “buy” rating and set a $16.00 price target on shares of The Shyft Group in a research report on Tuesday, December 17th.

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.