Murphy & Mullick Capital Management Corp Takes $41,000 Position in The Shyft Group, Inc. (NASDAQ:SHYF)

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

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of The Shyft Group by 257.9% during the 3rd quarter. Barclays PLC now owns 45,666 shares of the company’s stock valued at $573,000 after buying an additional 32,906 shares in the last quarter. Royce & Associates LP grew its position 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 purchasing an additional 203,758 shares during the period. Kirr Marbach & Co. LLC IN increased its stake in shares of The Shyft Group by 32.5% during the fourth quarter. Kirr Marbach & Co. LLC IN now owns 300,901 shares of the company’s stock worth $3,533,000 after purchasing an additional 73,773 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 9,588 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in The Shyft Group by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 176,601 shares of the company’s stock valued at $2,216,000 after buying an additional 58,816 shares in the last quarter. 85.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SHYF shares. Roth Mkm reissued a “buy” rating and set a $16.00 target price on shares of The Shyft Group in a report on Tuesday, December 17th. DA Davidson upgraded The Shyft Group from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, January 15th.

The Shyft Group Price Performance

SHYF stock opened at $9.00 on Friday. The Shyft Group, Inc. has a 1 year low of $8.27 and a 1 year high of $17.56. The firm has a market capitalization of $314.39 million, a PE ratio of -99.99 and a beta of 1.69. 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 $10.80 and a 200-day simple moving average of $11.99.

The Shyft Group (NASDAQ:SHYF) last issued its 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 company had revenue of $201.43 million during the quarter, compared to analyst estimates of $211.90 million. The Shyft Group had a positive return on equity of 2.75% and a negative net margin of 0.36%. Equities research analysts anticipate that The Shyft Group, Inc. will post 0.68 earnings per share for the current fiscal year.

The Shyft Group Dividend Announcement

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

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.