Centaurus Financial Inc. Acquires 2,433 Shares of The Shyft Group, Inc. (NASDAQ:SHYF)

Centaurus Financial Inc. increased its holdings in The Shyft Group, Inc. (NASDAQ:SHYF) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 433,056 shares of the company’s stock after buying an additional 2,433 shares during the quarter. Centaurus Financial Inc.’s holdings in The Shyft Group were worth $5,435,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of The Shyft Group by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,465 shares of the company’s stock valued at $379,000 after purchasing an additional 1,231 shares during the period. Quest Partners LLC grew its stake 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 period. nVerses Capital LLC bought a new stake in shares of The Shyft Group during the 2nd quarter valued at about $26,000. Foundry Partners LLC grew its stake in shares of The Shyft Group by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 322,755 shares of the company’s stock valued at $4,051,000 after purchasing an additional 3,115 shares during the period. Finally, CWM LLC grew its stake in shares of The Shyft Group by 260.9% during the 2nd quarter. CWM LLC now owns 4,731 shares of the company’s stock valued at $56,000 after purchasing an additional 3,420 shares during the period. 85.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded The Shyft Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $18.00 in a research note on Monday, July 29th.

The Shyft Group Stock Up 3.8 %

Shares of SHYF opened at $13.78 on Friday. The stock has a market capitalization of $475.27 million, a price-to-earnings ratio of -114.83 and a beta of 1.63. The Shyft Group, Inc. has a 1 year low of $9.81 and a 1 year high of $17.56. The business’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $12.77. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.20 annualized dividend and a yield of 1.45%. The Shyft Group’s payout ratio is presently -166.67%.

About The Shyft Group

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.